This property looks like a bad Mid-Term investment with a projected -11.61% first-year return on $160k initial cash invested.
-11.61%
Cash On Cash
3.87%
Cap Rate
0.61
DSCR
$4,190
Rent
-$1,545
Cashflow
Cash Flow
$4,190 income − $5,735 expenses = $1,545 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%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,190
Total Expenses
$5,735
Mortgage P&I
85%
$3,552
Property Taxes
12%
$521
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$503
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$461