This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $117k initial cash invested.
-0.75%
Cash On Cash
6.89%
Cap Rate
1.04
DSCR
$4,728
Rent
-$73
Cashflow
Cash Flow
$4,728 income − $4,801 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,728
Total Expenses
$4,801
Mortgage P&I
55%
$2,590
Property Taxes
9%
$438
Home Insurance
4%
$166
HOA
0%
$0
Property Management
12%
$567
CapEx
4%
$189
Vacancy
3%
$142
Maintenance
4%
$189
Other
11%
$520