This property looks like a bad Mid-Term investment with a projected -16.96% first-year return on $140k initial cash invested.
-16.96%
Cash On Cash
2.51%
Cap Rate
0.4
DSCR
$3,094
Rent
-$1,979
Cashflow
Cash Flow
$3,094 income − $5,073 expenses = $1,979 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,810
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,094
Total Expenses
$5,073
Mortgage P&I
99%
$3,071
Property Taxes
24%
$740
Home Insurance
7%
$210
HOA
0%
$0
Property Management
12%
$371
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$340