This property looks like a bad Mid-Term investment with a projected -0.6% first-year return on $115k initial cash invested.
-0.6%
Cash On Cash
6.42%
Cap Rate
1.05
DSCR
$4,503
Rent
-$58
Cashflow
Cash Flow
$4,503 income − $4,561 expenses = $58 out of pocket
Investment Breakdown
|
Purchase Price
$463k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,660
Closing costs
1%
$4,633
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$4,561
Mortgage P&I
52%
$2,355
Property Taxes
11%
$502
Home Insurance
4%
$164
HOA
0%
$10
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495