This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $140k initial cash invested.
-5.86%
Cash On Cash
5.14%
Cap Rate
0.83
DSCR
$4,620
Rent
-$683
Cashflow
Cash Flow
$4,620 income − $5,303 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
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
$4,620
Total Expenses
$5,303
Mortgage P&I
65%
$2,980
Property Taxes
12%
$549
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$554
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$508