This property looks like a bad Mid-Term investment with a projected -0.18% first-year return on $117k initial cash invested.
-0.18%
Cash On Cash
6.47%
Cap Rate
1.07
DSCR
$4,788
Rent
-$18
Cashflow
Cash Flow
$4,788 income − $4,806 expenses = $18 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,260
Closing costs
1%
$4,713
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,788
Total Expenses
$4,806
Mortgage P&I
49%
$2,367
Property Taxes
12%
$581
Home Insurance
5%
$228
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527