This property looks like a bad Mid-Term investment with a projected -11.95% first-year return on $140k initial cash invested.
-11.95%
Cash On Cash
3.75%
Cap Rate
0.59
DSCR
$3,252
Rent
-$1,392
Cashflow
Cash Flow
$3,252 income − $4,644 expenses = $1,392 out of pocket
Investment Breakdown
|
Purchase Price
$580k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,252
Total Expenses
$4,644
Mortgage P&I
94%
$3,072
Property Taxes
8%
$263
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358