This property looks like a bad Mid-Term investment with a projected -1.15% first-year return on $116k initial cash invested.
-1.15%
Cash On Cash
6.59%
Cap Rate
1.03
DSCR
$4,466
Rent
-$111
Cashflow
Cash Flow
$4,466 income − $4,577 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,260
Closing costs
1%
$4,663
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,466
Total Expenses
$4,577
Mortgage P&I
56%
$2,492
Property Taxes
9%
$403
Home Insurance
4%
$163
HOA
0%
$0
Property Management
12%
$536
CapEx
4%
$179
Vacancy
3%
$134
Maintenance
4%
$179
Other
11%
$491