This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $116k initial cash invested.
-0.42%
Cash On Cash
6.38%
Cap Rate
1.06
DSCR
$4,466
Rent
-$41
Cashflow
Cash Flow
$4,466 income − $4,507 expenses = $41 out of pocket
Investment Breakdown
|
Purchase Price
$469k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,800
Closing costs
1%
$4,690
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$4,507
Mortgage P&I
53%
$2,356
Property Taxes
10%
$468
Home Insurance
4%
$164
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491