This property looks like a bad Mid-Term investment with a projected -0.62% first-year return on $116k initial cash invested.
-0.62%
Cash On Cash
6.56%
Cap Rate
1.05
DSCR
$4,503
Rent
-$60
Cashflow
Cash Flow
$4,503 income − $4,563 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$465k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$92,920
Closing costs
1%
$4,646
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,503
Total Expenses
$4,563
Mortgage P&I
54%
$2,420
Property Taxes
10%
$461
Home Insurance
3%
$152
HOA
0%
$0
Property Management
12%
$540
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$495