This property looks like a bad Mid-Term investment with a projected -8.63% first-year return on $160k initial cash invested.
-8.63%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$5,080
Rent
-$1,150
Cashflow
Cash Flow
$5,080 income − $6,230 expenses = $1,150 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,757
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,080
Total Expenses
$6,230
Mortgage P&I
74%
$3,783
Property Taxes
10%
$504
Home Insurance
4%
$210
HOA
0%
$6
Property Management
12%
$610
CapEx
4%
$203
Vacancy
3%
$152
Maintenance
4%
$203
Other
11%
$559