This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $140k initial cash invested.
-3.83%
Cash On Cash
6.2%
Cap Rate
0.93
DSCR
$5,224
Rent
-$446
Cashflow
Cash Flow
$5,224 income − $5,670 expenses = $446 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,797
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,224
Total Expenses
$5,670
Mortgage P&I
62%
$3,230
Property Taxes
10%
$516
Home Insurance
3%
$147
HOA
0%
$0
Property Management
12%
$627
CapEx
4%
$209
Vacancy
3%
$157
Maintenance
4%
$209
Other
11%
$575