This property looks like a bad Mid-Term investment with a projected -0.47% first-year return on $115k initial cash invested.
-0.47%
Cash On Cash
6.91%
Cap Rate
1.06
DSCR
$4,629
Rent
-$45
Cashflow
Cash Flow
$4,629 income − $4,674 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$464k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$92,700
Closing costs
1%
$4,635
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,629
Total Expenses
$4,674
Mortgage P&I
55%
$2,529
Property Taxes
9%
$439
Home Insurance
3%
$133
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509