This property looks like a bad Mid-Term investment with a projected -8.09% first-year return on $140k initial cash invested.
-8.09%
Cash On Cash
4.82%
Cap Rate
0.75
DSCR
$3,910
Rent
-$941
Cashflow
Cash Flow
$3,910 income − $4,851 expenses = $941 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,910
Total Expenses
$4,851
Mortgage P&I
80%
$3,110
Property Taxes
5%
$210
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$469
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$430