This property looks like a bad Mid-Term investment with a projected -11.19% first-year return on $160k initial cash invested.
-11.19%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$4,551
Rent
-$1,494
Cashflow
Cash Flow
$4,551 income − $6,045 expenses = $1,494 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,771
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,551
Total Expenses
$6,045
Mortgage P&I
80%
$3,619
Property Taxes
14%
$640
Home Insurance
5%
$238
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501