This property looks like a bad Mid-Term investment with a projected -18.79% first-year return on $160k initial cash invested.
-18.79%
Cash On Cash
1.78%
Cap Rate
0.29
DSCR
$1,959
Rent
-$2,502
Cashflow
Cash Flow
$1,959 income − $4,461 expenses = $2,502 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,959
Total Expenses
$4,461
Mortgage P&I
175%
$3,425
Property Taxes
7%
$135
Home Insurance
12%
$236
HOA
0%
$0
Property Management
12%
$235
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215