This property looks like a bad Mid-Term investment with a projected -12.58% first-year return on $140k initial cash invested.
-12.58%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$4,006
Rent
-$1,470
Cashflow
Cash Flow
$4,006 income − $5,476 expenses = $1,470 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,821
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,006
Total Expenses
$5,476
Mortgage P&I
79%
$3,170
Property Taxes
12%
$476
Home Insurance
9%
$368
HOA
3%
$100
Property Management
12%
$481
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$441