This property looks like a bad Mid-Term investment with a projected -11.93% first-year return on $140k initial cash invested.
-11.93%
Cash On Cash
4.02%
Cap Rate
0.61
DSCR
$3,855
Rent
-$1,393
Cashflow
Cash Flow
$3,855 income − $5,248 expenses = $1,393 out of pocket
Investment Breakdown
|
Purchase Price
$582k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,817
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,855
Total Expenses
$5,248
Mortgage P&I
83%
$3,188
Property Taxes
14%
$539
Home Insurance
5%
$210
HOA
0%
$0
Property Management
12%
$463
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424