This property looks like a bad Mid-Term investment with a projected -7.48% first-year return on $160k initial cash invested.
-7.48%
Cash On Cash
4.74%
Cap Rate
0.77
DSCR
$5,016
Rent
-$996
Cashflow
Cash Flow
$5,016 income − $6,012 expenses = $996 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,753
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,016
Total Expenses
$6,012
Mortgage P&I
69%
$3,461
Property Taxes
12%
$605
Home Insurance
5%
$240
HOA
0%
$0
Property Management
12%
$602
CapEx
4%
$201
Vacancy
3%
$150
Maintenance
4%
$201
Other
11%
$552