This property looks like a bad Mid-Term investment with a projected -5.86% first-year return on $140k initial cash invested.
-5.86%
Cash On Cash
5.45%
Cap Rate
0.84
DSCR
$4,821
Rent
-$685
Cashflow
Cash Flow
$4,821 income − $5,506 expenses = $685 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,821
Total Expenses
$5,506
Mortgage P&I
65%
$3,137
Property Taxes
11%
$524
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$579
CapEx
4%
$193
Vacancy
3%
$145
Maintenance
4%
$193
Other
11%
$530