This property looks like a bad Mid-Term investment with a projected -14.13% first-year return on $160k initial cash invested.
-14.13%
Cash On Cash
3.26%
Cap Rate
0.52
DSCR
$4,096
Rent
-$1,881
Cashflow
Cash Flow
$4,096 income − $5,977 expenses = $1,881 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,096
Total Expenses
$5,977
Mortgage P&I
87%
$3,551
Property Taxes
19%
$767
Home Insurance
6%
$236
HOA
1%
$29
Property Management
12%
$492
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$451