This property looks like a bad Mid-Term investment with a projected -6.43% first-year return on $140k initial cash invested.
-6.43%
Cash On Cash
5.31%
Cap Rate
0.82
DSCR
$4,692
Rent
-$749
Cashflow
Cash Flow
$4,692 income − $5,441 expenses = $749 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,692
Total Expenses
$5,441
Mortgage P&I
67%
$3,129
Property Taxes
11%
$513
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516