This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $117k initial cash invested.
-1.31%
Cash On Cash
6.19%
Cap Rate
1.01
DSCR
$4,054
Rent
-$128
Cashflow
Cash Flow
$4,054 income − $4,182 expenses = $128 out of pocket
Investment Breakdown
|
Purchase Price
$471k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$117k
Downpayment
20%
$94,200
Closing costs
1%
$4,710
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,054
Total Expenses
$4,182
Mortgage P&I
59%
$2,394
Property Taxes
5%
$200
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$122
Maintenance
4%
$162
Other
11%
$446