This property looks like a bad Mid-Term investment with a projected -10.09% first-year return on $140k initial cash invested.
-10.09%
Cash On Cash
4.17%
Cap Rate
0.66
DSCR
$3,582
Rent
-$1,175
Cashflow
Cash Flow
$3,582 income − $4,757 expenses = $1,175 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,582
Total Expenses
$4,757
Mortgage P&I
85%
$3,049
Property Taxes
7%
$240
Home Insurance
7%
$245
HOA
0%
$6
Property Management
12%
$430
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$394