This property looks like a bad Mid-Term investment with a projected -4.62% first-year return on $140k initial cash invested.
-4.62%
Cash On Cash
5.38%
Cap Rate
0.88
DSCR
$4,587
Rent
-$538
Cashflow
Cash Flow
$4,587 income − $5,125 expenses = $538 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,587
Total Expenses
$5,125
Mortgage P&I
64%
$2,949
Property Taxes
9%
$414
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$550
CapEx
4%
$183
Vacancy
3%
$138
Maintenance
4%
$183
Other
11%
$505