This property looks like a bad Mid-Term investment with a projected -5.29% first-year return on $160k initial cash invested.
-5.29%
Cash On Cash
5.76%
Cap Rate
0.87
DSCR
$5,922
Rent
-$704
Cashflow
Cash Flow
$5,922 income − $6,626 expenses = $704 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,748
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,922
Total Expenses
$6,626
Mortgage P&I
63%
$3,708
Property Taxes
12%
$694
Home Insurance
4%
$210
HOA
0%
$0
Property Management
12%
$711
CapEx
4%
$237
Vacancy
3%
$178
Maintenance
4%
$237
Other
11%
$651