This property looks like a bad Mid-Term investment with a projected -17.54% first-year return on $140k initial cash invested.
-17.54%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$2,294
Rent
-$2,043
Cashflow
Cash Flow
$2,294 income − $4,337 expenses = $2,043 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,294
Total Expenses
$4,337
Mortgage P&I
138%
$3,164
Property Taxes
8%
$190
Home Insurance
9%
$203
HOA
0%
$0
Property Management
12%
$275
CapEx
4%
$92
Vacancy
3%
$69
Maintenance
4%
$92
Other
11%
$252