This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $140k initial cash invested.
-2.97%
Cash On Cash
5.87%
Cap Rate
0.95
DSCR
$5,115
Rent
-$346
Cashflow
Cash Flow
$5,115 income − $5,461 expenses = $346 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.7%
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
$5,115
Total Expenses
$5,461
Mortgage P&I
58%
$2,980
Property Taxes
11%
$538
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$614
CapEx
4%
$205
Vacancy
3%
$153
Maintenance
4%
$205
Other
11%
$563