This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $140k initial cash invested.
-4.33%
Cash On Cash
5.92%
Cap Rate
0.9
DSCR
$5,025
Rent
-$506
Cashflow
Cash Flow
$5,025 income − $5,531 expenses = $506 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%
$5,816
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,025
Total Expenses
$5,531
Mortgage P&I
63%
$3,175
Property Taxes
9%
$441
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$603
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$553