This property looks like a bad Mid-Term investment with a projected -2.32% first-year return on $140k initial cash invested.
-2.32%
Cash On Cash
5.96%
Cap Rate
0.98
DSCR
$5,397
Rent
-$270
Cashflow
Cash Flow
$5,397 income − $5,667 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,397
Total Expenses
$5,667
Mortgage P&I
54%
$2,934
Property Taxes
13%
$691
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$648
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$594