This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $140k initial cash invested.
-7.07%
Cash On Cash
4.68%
Cap Rate
0.77
DSCR
$4,040
Rent
-$824
Cashflow
Cash Flow
$4,040 income − $4,864 expenses = $824 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,040
Total Expenses
$4,864
Mortgage P&I
72%
$2,925
Property Taxes
9%
$362
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444