This property looks like a bad Mid-Term investment with a projected -17.28% first-year return on $140k initial cash invested.
-17.28%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$2,448
Rent
-$2,019
Cashflow
Cash Flow
$2,448 income − $4,467 expenses = $2,019 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%
$5,820
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$2,448
Total Expenses
$4,467
Mortgage P&I
131%
$3,210
Property Taxes
9%
$221
Home Insurance
8%
$204
HOA
0%
$0
Property Management
12%
$294
CapEx
4%
$98
Vacancy
3%
$73
Maintenance
4%
$98
Other
11%
$269