This property looks like a bad Mid-Term investment with a projected -4.33% first-year return on $140k initial cash invested.
-4.33%
Cash On Cash
6.16%
Cap Rate
0.91
DSCR
$5,388
Rent
-$505
Cashflow
Cash Flow
$5,388 income − $5,893 expenses = $505 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,801
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,388
Total Expenses
$5,893
Mortgage P&I
61%
$3,266
Property Taxes
11%
$587
Home Insurance
4%
$206
HOA
0%
$0
Property Management
12%
$647
CapEx
4%
$216
Vacancy
3%
$162
Maintenance
4%
$216
Other
11%
$593