This property looks like a bad Mid-Term investment with a projected -8.11% first-year return on $140k initial cash invested.
-8.11%
Cash On Cash
4.39%
Cap Rate
0.73
DSCR
$3,888
Rent
-$944
Cashflow
Cash Flow
$3,888 income − $4,832 expenses = $944 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,888
Total Expenses
$4,832
Mortgage P&I
75%
$2,906
Property Taxes
10%
$392
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$467
CapEx
4%
$156
Vacancy
3%
$117
Maintenance
4%
$156
Other
11%
$428