This property looks like a bad Mid-Term investment with a projected -5.99% first-year return on $140k initial cash invested.
-5.99%
Cash On Cash
5.47%
Cap Rate
0.84
DSCR
$4,389
Rent
-$700
Cashflow
Cash Flow
$4,389 income − $5,089 expenses = $700 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,389
Total Expenses
$5,089
Mortgage P&I
72%
$3,177
Property Taxes
5%
$208
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$527
CapEx
4%
$176
Vacancy
3%
$132
Maintenance
4%
$176
Other
11%
$483