This property looks like a bad Mid-Term investment with a projected -9.55% first-year return on $140k initial cash invested.
-9.55%
Cash On Cash
4.97%
Cap Rate
0.72
DSCR
$4,689
Rent
-$1,117
Cashflow
Cash Flow
$4,689 income − $5,806 expenses = $1,117 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,823
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,689
Total Expenses
$5,806
Mortgage P&I
71%
$3,342
Property Taxes
14%
$644
Home Insurance
5%
$224
HOA
0%
$0
Property Management
12%
$563
CapEx
4%
$188
Vacancy
3%
$141
Maintenance
4%
$188
Other
11%
$516