This property looks like a bad Mid-Term investment with a projected -8.08% first-year return on $160k initial cash invested.
-8.08%
Cash On Cash
4.53%
Cap Rate
0.74
DSCR
$4,870
Rent
-$1,075
Cashflow
Cash Flow
$4,870 income − $5,945 expenses = $1,075 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,870
Total Expenses
$5,945
Mortgage P&I
70%
$3,427
Property Taxes
13%
$626
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$584
CapEx
4%
$195
Vacancy
3%
$146
Maintenance
4%
$195
Other
11%
$536