This property looks like a bad Mid-Term investment with a projected -6.75% first-year return on $140k initial cash invested.
-6.75%
Cash On Cash
5.29%
Cap Rate
0.81
DSCR
$4,348
Rent
-$786
Cashflow
Cash Flow
$4,348 income − $5,134 expenses = $786 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,348
Total Expenses
$5,134
Mortgage P&I
73%
$3,169
Property Taxes
7%
$284
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$522
CapEx
4%
$174
Vacancy
3%
$130
Maintenance
4%
$174
Other
11%
$478