This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $140k initial cash invested.
-5.54%
Cash On Cash
5.1%
Cap Rate
0.84
DSCR
$4,218
Rent
-$644
Cashflow
Cash Flow
$4,218 income − $4,862 expenses = $644 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,218
Total Expenses
$4,862
Mortgage P&I
70%
$2,936
Property Taxes
7%
$288
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$506
CapEx
4%
$169
Vacancy
3%
$127
Maintenance
4%
$169
Other
11%
$464