This property looks like a bad Mid-Term investment with a projected -1.76% first-year return on $140k initial cash invested.
-1.76%
Cash On Cash
6.64%
Cap Rate
1.01
DSCR
$6,206
Rent
-$206
Cashflow
Cash Flow
$6,206 income − $6,412 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,814
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,206
Total Expenses
$6,412
Mortgage P&I
51%
$3,176
Property Taxes
9%
$542
Home Insurance
3%
$189
HOA
6%
$395
Property Management
12%
$745
CapEx
4%
$248
Vacancy
3%
$186
Maintenance
4%
$248
Other
11%
$683