This property looks like a bad Mid-Term investment with a projected -0.87% first-year return on $140k initial cash invested.
-0.87%
Cash On Cash
6.8%
Cap Rate
1.04
DSCR
$5,516
Rent
-$101
Cashflow
Cash Flow
$5,516 income − $5,617 expenses = $101 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,516
Total Expenses
$5,617
Mortgage P&I
57%
$3,160
Property Taxes
7%
$378
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$662
CapEx
4%
$221
Vacancy
3%
$165
Maintenance
4%
$221
Other
11%
$607