This property looks like a bad Mid-Term investment with a projected -7.55% first-year return on $140k initial cash invested.
-7.55%
Cash On Cash
4.61%
Cap Rate
0.75
DSCR
$3,894
Rent
-$880
Cashflow
Cash Flow
$3,894 income − $4,774 expenses = $880 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,801
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,894
Total Expenses
$4,774
Mortgage P&I
76%
$2,953
Property Taxes
7%
$287
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428