This property looks like a bad Mid-Term investment with a projected -11.09% first-year return on $160k initial cash invested.
-11.09%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$4,250
Rent
-$1,477
Cashflow
Cash Flow
$4,250 income − $5,727 expenses = $1,477 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,250
Total Expenses
$5,727
Mortgage P&I
85%
$3,604
Property Taxes
8%
$354
Home Insurance
6%
$236
HOA
2%
$87
Property Management
12%
$510
CapEx
4%
$170
Vacancy
3%
$128
Maintenance
4%
$170
Other
11%
$468