This property looks like a bad Mid-Term investment with a projected -0.23% first-year return on $116k initial cash invested.
-0.23%
Cash On Cash
6.51%
Cap Rate
1.07
DSCR
$4,718
Rent
-$22
Cashflow
Cash Flow
$4,718 income − $4,740 expenses = $22 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,718
Total Expenses
$4,740
Mortgage P&I
50%
$2,376
Property Taxes
11%
$501
Home Insurance
4%
$175
HOA
2%
$83
Property Management
12%
$566
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$519