This property looks like a bad Mid-Term investment with a projected -17.06% first-year return on $160k initial cash invested.
-17.06%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,140
Rent
-$2,271
Cashflow
Cash Flow
$3,140 income − $5,411 expenses = $2,271 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,140
Total Expenses
$5,411
Mortgage P&I
116%
$3,636
Property Taxes
15%
$471
Home Insurance
8%
$236
HOA
0%
$0
Property Management
12%
$377
CapEx
4%
$126
Vacancy
3%
$94
Maintenance
4%
$126
Other
11%
$345