This property looks like a bad Mid-Term investment with a projected -6.58% first-year return on $140k initial cash invested.
-6.58%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$4,256
Rent
-$766
Cashflow
Cash Flow
$4,256 income − $5,022 expenses = $766 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,256
Total Expenses
$5,022
Mortgage P&I
74%
$3,154
Property Taxes
5%
$218
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$511
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468