This property looks like a bad Mid-Term investment with a projected -7.73% first-year return on $140k initial cash invested.
-7.73%
Cash On Cash
4.79%
Cap Rate
0.76
DSCR
$4,228
Rent
-$904
Cashflow
Cash Flow
$4,228 income − $5,132 expenses = $904 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,824
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,228
Total Expenses
$5,132
Mortgage P&I
72%
$3,060
Property Taxes
10%
$435
Home Insurance
5%
$200
HOA
0%
$0
Property Management
12%
$507
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$465