This property looks like a bad Mid-Term investment with a projected -7.03% first-year return on $140k initial cash invested.
-7.03%
Cash On Cash
5.18%
Cap Rate
0.8
DSCR
$4,538
Rent
-$819
Cashflow
Cash Flow
$4,538 income − $5,357 expenses = $819 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%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,538
Total Expenses
$5,357
Mortgage P&I
69%
$3,141
Property Taxes
10%
$469
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$545
CapEx
4%
$182
Vacancy
3%
$136
Maintenance
4%
$182
Other
11%
$499