This property looks like a bad Mid-Term investment with a projected -6.81% first-year return on $160k initial cash invested.
-6.81%
Cash On Cash
5.28%
Cap Rate
0.81
DSCR
$5,426
Rent
-$907
Cashflow
Cash Flow
$5,426 income − $6,333 expenses = $907 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,758
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,426
Total Expenses
$6,333
Mortgage P&I
67%
$3,661
Property Taxes
11%
$589
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$651
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597