This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $117k initial cash invested.
-0.49%
Cash On Cash
6.51%
Cap Rate
1.05
DSCR
$4,263
Rent
-$48
Cashflow
Cash Flow
$4,263 income − $4,311 expenses = $48 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,263
Total Expenses
$4,311
Mortgage P&I
57%
$2,432
Property Taxes
6%
$256
Home Insurance
4%
$172
HOA
0%
$0
Property Management
12%
$512
CapEx
4%
$171
Vacancy
3%
$128
Maintenance
4%
$171
Other
11%
$469