This property looks like a bad Mid-Term investment with a projected -14.96% first-year return on $160k initial cash invested.
-14.96%
Cash On Cash
3.47%
Cap Rate
0.52
DSCR
$4,092
Rent
-$1,991
Cashflow
Cash Flow
$4,092 income − $6,083 expenses = $1,991 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$6,083
Mortgage P&I
92%
$3,779
Property Taxes
17%
$676
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450