This property looks like a bad Mid-Term investment with a projected -5.1% first-year return on $160k initial cash invested.
-5.1%
Cash On Cash
5.28%
Cap Rate
0.86
DSCR
$4,971
Rent
-$679
Cashflow
Cash Flow
$4,971 income − $5,650 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,971
Total Expenses
$5,650
Mortgage P&I
69%
$3,448
Property Taxes
6%
$275
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$597
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$547