This property looks like a bad Mid-Term investment with a projected -13.31% first-year return on $140k initial cash invested.
-13.31%
Cash On Cash
3.64%
Cap Rate
0.55
DSCR
$3,140
Rent
-$1,557
Cashflow
Cash Flow
$3,140 income − $4,697 expenses = $1,557 out of pocket
Investment Breakdown
|
Purchase Price
$583k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$117k
Closing costs
1%
$5,825
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$4,697
Mortgage P&I
102%
$3,196
Property Taxes
6%
$190
Home Insurance
7%
$210
HOA
1%
$33
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345