This property looks like a bad Mid-Term investment with a projected -3.19% first-year return on $140k initial cash invested.
-3.19%
Cash On Cash
5.7%
Cap Rate
0.94
DSCR
$5,048
Rent
-$372
Cashflow
Cash Flow
$5,048 income − $5,420 expenses = $372 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,815
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,048
Total Expenses
$5,420
Mortgage P&I
58%
$2,934
Property Taxes
10%
$497
Home Insurance
4%
$206
HOA
1%
$67
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555