This property looks like a bad Mid-Term investment with a projected -5.39% first-year return on $140k initial cash invested.
-5.39%
Cash On Cash
5.24%
Cap Rate
0.85
DSCR
$4,461
Rent
-$627
Cashflow
Cash Flow
$4,461 income − $5,088 expenses = $627 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,791
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,461
Total Expenses
$5,088
Mortgage P&I
67%
$2,979
Property Taxes
9%
$388
Home Insurance
5%
$205
HOA
0%
$0
Property Management
12%
$535
CapEx
4%
$178
Vacancy
3%
$134
Maintenance
4%
$178
Other
11%
$491