This property looks like a bad Mid-Term investment with a projected -12.27% first-year return on $160k initial cash invested.
-12.27%
Cash On Cash
3.84%
Cap Rate
0.59
DSCR
$4,004
Rent
-$1,633
Cashflow
Cash Flow
$4,004 income − $5,637 expenses = $1,633 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,004
Total Expenses
$5,637
Mortgage P&I
91%
$3,630
Property Taxes
10%
$403
Home Insurance
6%
$244
HOA
0%
$0
Property Management
12%
$480
CapEx
4%
$160
Vacancy
3%
$120
Maintenance
4%
$160
Other
11%
$440