This property looks like a bad Mid-Term investment with a projected -13.59% first-year return on $160k initial cash invested.
-13.59%
Cash On Cash
3.57%
Cap Rate
0.55
DSCR
$4,238
Rent
-$1,809
Cashflow
Cash Flow
$4,238 income − $6,047 expenses = $1,809 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
$4,238
Total Expenses
$6,047
Mortgage P&I
86%
$3,646
Property Taxes
16%
$658
Home Insurance
6%
$236
HOA
2%
$65
Property Management
12%
$509
CapEx
4%
$170
Vacancy
3%
$127
Maintenance
4%
$170
Other
11%
$466