This property looks like a bad Mid-Term investment with a projected -6.1% first-year return on $140k initial cash invested.
-6.1%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$4,762
Rent
-$710
Cashflow
Cash Flow
$4,762 income − $5,472 expenses = $710 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,762
Total Expenses
$5,472
Mortgage P&I
67%
$3,206
Property Taxes
9%
$445
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$571
CapEx
4%
$190
Vacancy
3%
$143
Maintenance
4%
$190
Other
11%
$524