This property looks like a bad Mid-Term investment with a projected -12.18% first-year return on $160k initial cash invested.
-12.18%
Cash On Cash
3.68%
Cap Rate
0.58
DSCR
$3,484
Rent
-$1,622
Cashflow
Cash Flow
$3,484 income − $5,106 expenses = $1,622 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,484
Total Expenses
$5,106
Mortgage P&I
102%
$3,552
Property Taxes
4%
$134
Home Insurance
7%
$236
HOA
0%
$0
Property Management
12%
$418
CapEx
4%
$139
Vacancy
3%
$105
Maintenance
4%
$139
Other
11%
$383