This property looks like a bad Mid-Term investment with a projected -10.45% first-year return on $140k initial cash invested.
-10.45%
Cash On Cash
4.34%
Cap Rate
0.67
DSCR
$4,118
Rent
-$1,222
Cashflow
Cash Flow
$4,118 income − $5,340 expenses = $1,222 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,827
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,118
Total Expenses
$5,340
Mortgage P&I
77%
$3,164
Property Taxes
14%
$565
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$494
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453