This property looks like a bad Mid-Term investment with a projected -7.61% first-year return on $140k initial cash invested.
-7.61%
Cash On Cash
4.84%
Cap Rate
0.77
DSCR
$4,884
Rent
-$886
Cashflow
Cash Flow
$4,884 income − $5,770 expenses = $886 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,792
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,884
Total Expenses
$5,770
Mortgage P&I
62%
$3,028
Property Taxes
18%
$877
Home Insurance
4%
$205
HOA
0%
$0
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$147
Maintenance
4%
$195
Other
11%
$537