This property looks like a bad Mid-Term investment with a projected -14.58% first-year return on $160k initial cash invested.
-14.58%
Cash On Cash
3.37%
Cap Rate
0.52
DSCR
$3,873
Rent
-$1,941
Cashflow
Cash Flow
$3,873 income − $5,814 expenses = $1,941 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%
$6,750
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,873
Total Expenses
$5,814
Mortgage P&I
95%
$3,684
Property Taxes
15%
$577
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$465
CapEx
4%
$155
Vacancy
3%
$116
Maintenance
4%
$155
Other
11%
$426