This property looks like a bad Mid-Term investment with a projected -9.86% first-year return on $140k initial cash invested.
-9.86%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$4,920
Rent
-$1,149
Cashflow
Cash Flow
$4,920 income − $6,069 expenses = $1,149 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,799
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,920
Total Expenses
$6,069
Mortgage P&I
64%
$3,132
Property Taxes
20%
$978
Home Insurance
4%
$203
HOA
2%
$83
Property Management
12%
$590
CapEx
4%
$197
Vacancy
3%
$148
Maintenance
4%
$197
Other
11%
$541