This property looks like a bad Mid-Term investment with a projected -9.23% first-year return on $140k initial cash invested.
-9.23%
Cash On Cash
4.28%
Cap Rate
0.69
DSCR
$3,632
Rent
-$1,080
Cashflow
Cash Flow
$3,632 income − $4,712 expenses = $1,080 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,632
Total Expenses
$4,712
Mortgage P&I
83%
$3,012
Property Taxes
6%
$230
Home Insurance
6%
$210
HOA
1%
$25
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400