This property looks like a bad Mid-Term investment with a projected -12.19% first-year return on $160k initial cash invested.
-12.19%
Cash On Cash
3.85%
Cap Rate
0.6
DSCR
$4,077
Rent
-$1,623
Cashflow
Cash Flow
$4,077 income − $5,700 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,077
Total Expenses
$5,700
Mortgage P&I
89%
$3,623
Property Taxes
11%
$456
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$489
CapEx
4%
$163
Vacancy
3%
$122
Maintenance
4%
$163
Other
11%
$448