This property looks like a bad Mid-Term investment with a projected -21.05% first-year return on $160k initial cash invested.
-21.05%
Cash On Cash
1.8%
Cap Rate
0.27
DSCR
$2,331
Rent
-$2,802
Cashflow
Cash Flow
$2,331 income − $5,133 expenses = $2,802 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,331
Total Expenses
$5,133
Mortgage P&I
160%
$3,723
Property Taxes
16%
$382
Home Insurance
10%
$236
HOA
0%
$0
Property Management
12%
$280
CapEx
4%
$93
Vacancy
3%
$70
Maintenance
4%
$93
Other
11%
$256