This property looks like a bad Mid-Term investment with a projected -7.27% first-year return on $140k initial cash invested.
-7.27%
Cash On Cash
5.15%
Cap Rate
0.8
DSCR
$5,678
Rent
-$851
Cashflow
Cash Flow
$5,678 income − $6,529 expenses = $851 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,829
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,678
Total Expenses
$6,529
Mortgage P&I
55%
$3,126
Property Taxes
10%
$580
Home Insurance
4%
$208
HOA
12%
$685
Property Management
12%
$681
CapEx
4%
$227
Vacancy
3%
$170
Maintenance
4%
$227
Other
11%
$625