This property looks like a bad Mid-Term investment with a projected -14.59% first-year return on $140k initial cash invested.
-14.59%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$3,489
Rent
-$1,698
Cashflow
Cash Flow
$3,489 income − $5,187 expenses = $1,698 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%
$5,792
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,489
Total Expenses
$5,187
Mortgage P&I
90%
$3,146
Property Taxes
18%
$633
Home Insurance
6%
$220
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384