This property looks like a bad Mid-Term investment with a projected -0.12% first-year return on $117k initial cash invested.
-0.12%
Cash On Cash
6.56%
Cap Rate
1.07
DSCR
$4,563
Rent
-$12
Cashflow
Cash Flow
$4,563 income − $4,575 expenses = $12 out of pocket
Investment Breakdown
|
Purchase Price
$473k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,640
Closing costs
1%
$4,732
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,563
Total Expenses
$4,575
Mortgage P&I
53%
$2,414
Property Taxes
10%
$438
Home Insurance
4%
$170
HOA
0%
$0
Property Management
12%
$548
CapEx
4%
$183
Vacancy
3%
$137
Maintenance
4%
$183
Other
11%
$502