This property looks like a bad Mid-Term investment with a projected -3.03% first-year return on $140k initial cash invested.
-3.03%
Cash On Cash
5.76%
Cap Rate
0.95
DSCR
$5,016
Rent
-$354
Cashflow
Cash Flow
$5,016 income − $5,370 expenses = $354 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,016
Total Expenses
$5,370
Mortgage P&I
59%
$2,946
Property Taxes
10%
$508
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$150
Maintenance
4%
$201
Other
11%
$552