This property looks like a bad Mid-Term investment with a projected -11.62% first-year return on $140k initial cash invested.
-11.62%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$3,358
Rent
-$1,354
Cashflow
Cash Flow
$3,358 income − $4,712 expenses = $1,354 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,800
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,358
Total Expenses
$4,712
Mortgage P&I
96%
$3,221
Property Taxes
4%
$147
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$403
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369