This property looks like a bad Mid-Term investment with a projected -9.53% first-year return on $140k initial cash invested.
-9.53%
Cash On Cash
4.54%
Cap Rate
0.7
DSCR
$4,664
Rent
-$1,109
Cashflow
Cash Flow
$4,664 income − $5,773 expenses = $1,109 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,664
Total Expenses
$5,773
Mortgage P&I
67%
$3,111
Property Taxes
19%
$872
Home Insurance
4%
$203
HOA
0%
$0
Property Management
12%
$560
CapEx
4%
$187
Vacancy
3%
$140
Maintenance
4%
$187
Other
11%
$513