This property looks like a bad Mid-Term investment with a projected -5.06% first-year return on $140k initial cash invested.
-5.06%
Cash On Cash
5.75%
Cap Rate
0.88
DSCR
$5,060
Rent
-$592
Cashflow
Cash Flow
$5,060 income − $5,652 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,060
Total Expenses
$5,652
Mortgage P&I
63%
$3,179
Property Taxes
11%
$543
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$607
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$557