This property looks like a bad Mid-Term investment with a projected -11.31% first-year return on $140k initial cash invested.
-11.31%
Cash On Cash
4.09%
Cap Rate
0.63
DSCR
$3,477
Rent
-$1,316
Cashflow
Cash Flow
$3,477 income − $4,793 expenses = $1,316 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,477
Total Expenses
$4,793
Mortgage P&I
91%
$3,150
Property Taxes
7%
$259
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$417
CapEx
4%
$139
Vacancy
3%
$104
Maintenance
4%
$139
Other
11%
$382