This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $116k initial cash invested.
-1.53%
Cash On Cash
6.11%
Cap Rate
1.01
DSCR
$4,408
Rent
-$148
Cashflow
Cash Flow
$4,408 income − $4,556 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,480
Closing costs
1%
$4,674
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,408
Total Expenses
$4,556
Mortgage P&I
53%
$2,351
Property Taxes
12%
$543
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$529
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$485