This property looks like a bad Mid-Term investment with a projected -15.27% first-year return on $140k initial cash invested.
-15.27%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$4,413
Rent
-$1,776
Cashflow
Cash Flow
$4,413 income − $6,189 expenses = $1,776 out of pocket
Investment Breakdown
|
Purchase Price
$579k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,790
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,413
Total Expenses
$6,189
Mortgage P&I
71%
$3,152
Property Taxes
28%
$1,234
Home Insurance
5%
$203
HOA
2%
$99
Property Management
12%
$530
CapEx
4%
$177
Vacancy
3%
$132
Maintenance
4%
$177
Other
11%
$485