This property looks like a bad Mid-Term investment with a projected -8.79% first-year return on $140k initial cash invested.
-8.79%
Cash On Cash
4.74%
Cap Rate
0.73
DSCR
$4,359
Rent
-$1,028
Cashflow
Cash Flow
$4,359 income − $5,387 expenses = $1,028 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,825
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,359
Total Expenses
$5,387
Mortgage P&I
72%
$3,157
Property Taxes
13%
$546
Home Insurance
5%
$203
HOA
0%
$0
Property Management
12%
$523
CapEx
4%
$174
Vacancy
3%
$131
Maintenance
4%
$174
Other
11%
$479