This property looks like a bad Mid-Term investment with a projected -0.75% first-year return on $116k initial cash invested.
-0.75%
Cash On Cash
6.52%
Cap Rate
1.04
DSCR
$4,370
Rent
-$73
Cashflow
Cash Flow
$4,370 income − $4,443 expenses = $73 out of pocket
Investment Breakdown
|
Purchase Price
$468k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$116k
Downpayment
20%
$93,520
Closing costs
1%
$4,676
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,370
Total Expenses
$4,443
Mortgage P&I
56%
$2,438
Property Taxes
7%
$304
Home Insurance
4%
$173
HOA
1%
$42
Property Management
12%
$524
CapEx
4%
$175
Vacancy
3%
$131
Maintenance
4%
$175
Other
11%
$481