This property looks like a bad Mid-Term investment with a projected -4.72% first-year return on $140k initial cash invested.
-4.72%
Cash On Cash
5.86%
Cap Rate
0.9
DSCR
$6,184
Rent
-$549
Cashflow
Cash Flow
$6,184 income − $6,733 expenses = $549 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
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
$6,184
Total Expenses
$6,733
Mortgage P&I
51%
$3,129
Property Taxes
21%
$1,299
Home Insurance
3%
$203
HOA
0%
$0
Property Management
12%
$742
CapEx
4%
$247
Vacancy
3%
$186
Maintenance
4%
$247
Other
11%
$680