This property looks like a bad Mid-Term investment with a projected -10.91% first-year return on $140k initial cash invested.
-10.91%
Cash On Cash
3.65%
Cap Rate
0.6
DSCR
$2,901
Rent
-$1,275
Cashflow
Cash Flow
$2,901 income − $4,176 expenses = $1,275 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,820
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,901
Total Expenses
$4,176
Mortgage P&I
101%
$2,927
Property Taxes
2%
$55
Home Insurance
7%
$208
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319