This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $140k initial cash invested.
-4.54%
Cash On Cash
5.87%
Cap Rate
0.9
DSCR
$5,190
Rent
-$528
Cashflow
Cash Flow
$5,190 income − $5,718 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,795
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,190
Total Expenses
$5,718
Mortgage P&I
61%
$3,157
Property Taxes
11%
$589
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$623
CapEx
4%
$208
Vacancy
3%
$156
Maintenance
4%
$208
Other
11%
$571