This property looks like a bad Mid-Term investment with a projected -2.93% first-year return on $140k initial cash invested.
-2.93%
Cash On Cash
6.27%
Cap Rate
0.96
DSCR
$5,307
Rent
-$341
Cashflow
Cash Flow
$5,307 income − $5,648 expenses = $341 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,788
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,307
Total Expenses
$5,648
Mortgage P&I
59%
$3,153
Property Taxes
9%
$481
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$637
CapEx
4%
$212
Vacancy
3%
$159
Maintenance
4%
$212
Other
11%
$584