This property looks like a bad Mid-Term investment with a projected -10.29% first-year return on $140k initial cash invested.
-10.29%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$3,807
Rent
-$1,197
Cashflow
Cash Flow
$3,807 income − $5,004 expenses = $1,197 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,789
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,807
Total Expenses
$5,004
Mortgage P&I
82%
$3,136
Property Taxes
10%
$364
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$457
CapEx
4%
$152
Vacancy
3%
$114
Maintenance
4%
$152
Other
11%
$419