This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $140k initial cash invested.
-6.25%
Cash On Cash
5.21%
Cap Rate
0.82
DSCR
$4,552
Rent
-$730
Cashflow
Cash Flow
$4,552 income − $5,282 expenses = $730 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,819
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,552
Total Expenses
$5,282
Mortgage P&I
68%
$3,073
Property Taxes
10%
$448
Home Insurance
4%
$192
HOA
0%
$21
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501