This property looks like a bad Mid-Term investment with a projected -14.44% first-year return on $160k initial cash invested.
-14.44%
Cash On Cash
3.22%
Cap Rate
0.51
DSCR
$4,016
Rent
-$1,921
Cashflow
Cash Flow
$4,016 income − $5,937 expenses = $1,921 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,744
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,016
Total Expenses
$5,937
Mortgage P&I
89%
$3,568
Property Taxes
19%
$762
Home Insurance
6%
$241
HOA
0%
$0
Property Management
12%
$482
CapEx
4%
$161
Vacancy
3%
$120
Maintenance
4%
$161
Other
11%
$442