This property looks like a bad Mid-Term investment with a projected -7.87% first-year return on $140k initial cash invested.
-7.87%
Cash On Cash
5.19%
Cap Rate
0.77
DSCR
$4,430
Rent
-$916
Cashflow
Cash Flow
$4,430 income − $5,346 expenses = $916 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,430
Total Expenses
$5,346
Mortgage P&I
73%
$3,242
Property Taxes
9%
$392
Home Insurance
5%
$206
HOA
0%
$0
Property Management
12%
$532
CapEx
4%
$177
Vacancy
3%
$133
Maintenance
4%
$177
Other
11%
$487