This property looks like a bad Mid-Term investment with a projected -1.62% first-year return on $116k initial cash invested.
-1.62%
Cash On Cash
6.13%
Cap Rate
1.01
DSCR
$4,342
Rent
-$157
Cashflow
Cash Flow
$4,342 income − $4,499 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$467k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,400
Closing costs
1%
$4,670
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,342
Total Expenses
$4,499
Mortgage P&I
55%
$2,368
Property Taxes
11%
$473
Home Insurance
4%
$163
HOA
0%
$18
Property Management
12%
$521
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478