This property looks like a bad Mid-Term investment with a projected -12.29% first-year return on $140k initial cash invested.
-12.29%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$3,176
Rent
-$1,432
Cashflow
Cash Flow
$3,176 income − $4,608 expenses = $1,432 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,176
Total Expenses
$4,608
Mortgage P&I
96%
$3,059
Property Taxes
8%
$267
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$349