This property looks like a bad Mid-Term investment with a projected -1.19% first-year return on $116k initial cash invested.
-1.19%
Cash On Cash
6.71%
Cap Rate
1.03
DSCR
$4,802
Rent
-$115
Cashflow
Cash Flow
$4,802 income − $4,917 expenses = $115 out of pocket
Investment Breakdown
|
Purchase Price
$466k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,120
Closing costs
1%
$4,656
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,802
Total Expenses
$4,917
Mortgage P&I
53%
$2,528
Property Taxes
13%
$647
Home Insurance
2%
$110
HOA
0%
$0
Property Management
12%
$576
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$528