This property looks like a bad Mid-Term investment with a projected -15.13% first-year return on $140k initial cash invested.
-15.13%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$3,218
Rent
-$1,769
Cashflow
Cash Flow
$3,218 income − $4,987 expenses = $1,769 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,822
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,218
Total Expenses
$4,987
Mortgage P&I
100%
$3,211
Property Taxes
15%
$469
Home Insurance
7%
$212
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354