This property looks like a bad Mid-Term investment with a projected -5.48% first-year return on $140k initial cash invested.
-5.48%
Cash On Cash
5.53%
Cap Rate
0.86
DSCR
$4,694
Rent
-$641
Cashflow
Cash Flow
$4,694 income − $5,335 expenses = $641 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%
$5,823
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,694
Total Expenses
$5,335
Mortgage P&I
67%
$3,138
Property Taxes
8%
$395
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516