This property looks like a bad Mid-Term investment with a projected -6.5% first-year return on $160k initial cash invested.
-6.5%
Cash On Cash
4.91%
Cap Rate
0.8
DSCR
$4,857
Rent
-$867
Cashflow
Cash Flow
$4,857 income − $5,724 expenses = $867 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,766
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,857
Total Expenses
$5,724
Mortgage P&I
71%
$3,439
Property Taxes
7%
$356
Home Insurance
5%
$245
HOA
1%
$33
Property Management
12%
$583
CapEx
4%
$194
Vacancy
3%
$146
Maintenance
4%
$194
Other
11%
$534