This property looks like a bad Mid-Term investment with a projected -17.65% first-year return on $160k initial cash invested.
-17.65%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$2,283
Rent
-$2,350
Cashflow
Cash Flow
$2,283 income − $4,633 expenses = $2,350 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,283
Total Expenses
$4,633
Mortgage P&I
156%
$3,560
Property Taxes
3%
$62
Home Insurance
10%
$236
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251