This property looks like a bad Mid-Term investment with a projected -4.98% first-year return on $160k initial cash invested.
-4.98%
Cash On Cash
5.88%
Cap Rate
0.88
DSCR
$5,564
Rent
-$666
Cashflow
Cash Flow
$5,564 income − $6,230 expenses = $666 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$136k
Closing costs
1%
$6,781
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,564
Total Expenses
$6,230
Mortgage P&I
68%
$3,768
Property Taxes
6%
$326
Home Insurance
4%
$243
HOA
0%
$0
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$612