This property looks like a bad Mid-Term investment with a projected -4.38% first-year return on $160k initial cash invested.
-4.38%
Cash On Cash
5.38%
Cap Rate
0.89
DSCR
$5,385
Rent
-$583
Cashflow
Cash Flow
$5,385 income − $5,968 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.4%
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
$5,385
Total Expenses
$5,968
Mortgage P&I
63%
$3,392
Property Taxes
9%
$510
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$646
CapEx
4%
$215
Vacancy
3%
$162
Maintenance
4%
$215
Other
11%
$592