This property looks like a bad Mid-Term investment with a projected -1.58% first-year return on $116k initial cash invested.
-1.58%
Cash On Cash
6.37%
Cap Rate
1
DSCR
$4,002
Rent
-$152
Cashflow
Cash Flow
$4,002 income − $4,154 expenses = $152 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,880
Closing costs
1%
$4,644
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,002
Total Expenses
$4,154
Mortgage P&I
61%
$2,456
Property Taxes
4%
$164
Home Insurance
4%
$174
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440