This property looks like a bad Mid-Term investment with a projected -10.31% first-year return on $160k initial cash invested.
-10.31%
Cash On Cash
4.3%
Cap Rate
0.67
DSCR
$4,604
Rent
-$1,373
Cashflow
Cash Flow
$4,604 income − $5,977 expenses = $1,373 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,604
Total Expenses
$5,977
Mortgage P&I
78%
$3,609
Property Taxes
12%
$568
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$552
CapEx
4%
$184
Vacancy
3%
$138
Maintenance
4%
$184
Other
11%
$506