This property looks like a bad Mid-Term investment with a projected -12.12% first-year return on $160k initial cash invested.
-12.12%
Cash On Cash
4.03%
Cap Rate
0.61
DSCR
$4,506
Rent
-$1,618
Cashflow
Cash Flow
$4,506 income − $6,124 expenses = $1,618 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,772
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,506
Total Expenses
$6,124
Mortgage P&I
82%
$3,712
Property Taxes
14%
$635
Home Insurance
5%
$245
HOA
0%
$0
Property Management
12%
$541
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$496