This property looks like a bad Mid-Term investment with a projected -9.46% first-year return on $160k initial cash invested.
-9.46%
Cash On Cash
4.21%
Cap Rate
0.68
DSCR
$3,972
Rent
-$1,259
Cashflow
Cash Flow
$3,972 income − $5,231 expenses = $1,259 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,972
Total Expenses
$5,231
Mortgage P&I
87%
$3,470
Property Taxes
4%
$174
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$477
CapEx
4%
$159
Vacancy
3%
$119
Maintenance
4%
$159
Other
11%
$437