This property looks like a bad Mid-Term investment with a projected -9.34% first-year return on $140k initial cash invested.
-9.34%
Cash On Cash
4.21%
Cap Rate
0.69
DSCR
$4,299
Rent
-$1,093
Cashflow
Cash Flow
$4,299 income − $5,392 expenses = $1,093 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,827
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,299
Total Expenses
$5,392
Mortgage P&I
69%
$2,965
Property Taxes
18%
$755
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$516
CapEx
4%
$172
Vacancy
3%
$129
Maintenance
4%
$172
Other
11%
$473