This property looks like a bad Mid-Term investment with a projected -11.37% first-year return on $140k initial cash invested.
-11.37%
Cash On Cash
4.34%
Cap Rate
0.64
DSCR
$4,082
Rent
-$1,329
Cashflow
Cash Flow
$4,082 income − $5,411 expenses = $1,329 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,082
Total Expenses
$5,411
Mortgage P&I
80%
$3,272
Property Taxes
13%
$528
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$490
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$449