This property looks like a bad Mid-Term investment with a projected -10.78% first-year return on $140k initial cash invested.
-10.78%
Cash On Cash
4.19%
Cap Rate
0.65
DSCR
$3,694
Rent
-$1,256
Cashflow
Cash Flow
$3,694 income − $4,950 expenses = $1,256 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
$3,694
Total Expenses
$4,950
Mortgage P&I
85%
$3,133
Property Taxes
10%
$358
Home Insurance
6%
$203
HOA
0%
$0
Property Management
12%
$443
CapEx
4%
$148
Vacancy
3%
$111
Maintenance
4%
$148
Other
11%
$406