This property looks like a bad Mid-Term investment with a projected -10.59% first-year return on $140k initial cash invested.
-10.59%
Cash On Cash
4.11%
Cap Rate
0.65
DSCR
$3,495
Rent
-$1,239
Cashflow
Cash Flow
$3,495 income − $4,734 expenses = $1,239 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,830
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,495
Total Expenses
$4,734
Mortgage P&I
89%
$3,098
Property Taxes
7%
$238
Home Insurance
6%
$210
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384