This property looks like a bad Mid-Term investment with a projected -16.29% first-year return on $160k initial cash invested.
-16.29%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$3,646
Rent
-$2,169
Cashflow
Cash Flow
$3,646 income − $5,815 expenses = $2,169 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,646
Total Expenses
$5,815
Mortgage P&I
95%
$3,473
Property Taxes
23%
$846
Home Insurance
6%
$236
HOA
1%
$20
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$109
Maintenance
4%
$146
Other
11%
$401