This property looks like a bad Mid-Term investment with a projected -7.75% first-year return on $160k initial cash invested.
-7.75%
Cash On Cash
5.06%
Cap Rate
0.78
DSCR
$5,344
Rent
-$1,032
Cashflow
Cash Flow
$5,344 income − $6,376 expenses = $1,032 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,344
Total Expenses
$6,376
Mortgage P&I
69%
$3,665
Property Taxes
12%
$658
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588