This property looks like a bad Mid-Term investment with a projected -1.54% first-year return on $117k initial cash invested.
-1.54%
Cash On Cash
6.34%
Cap Rate
1.02
DSCR
$5,008
Rent
-$150
Cashflow
Cash Flow
$5,008 income − $5,158 expenses = $150 out of pocket
Investment Breakdown
|
Purchase Price
$472k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,400
Closing costs
1%
$4,720
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$5,008
Total Expenses
$5,158
Mortgage P&I
49%
$2,445
Property Taxes
17%
$843
Home Insurance
3%
$168
HOA
0%
$0
Property Management
12%
$601
CapEx
4%
$200
Vacancy
3%
$150
Maintenance
4%
$200
Other
11%
$551