This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $140k initial cash invested.
-11.77%
Cash On Cash
3.63%
Cap Rate
0.59
DSCR
$3,398
Rent
-$1,373
Cashflow
Cash Flow
$3,398 income − $4,771 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$581k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$140k
Downpayment
20%
$116k
Closing costs
1%
$5,807
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,398
Total Expenses
$4,771
Mortgage P&I
88%
$2,993
Property Taxes
12%
$416
Home Insurance
6%
$206
HOA
0%
$0
Property Management
12%
$408
CapEx
4%
$136
Vacancy
3%
$102
Maintenance
4%
$136
Other
11%
$374