This property looks like a bad Mid-Term investment with a projected -10.41% first-year return on $160k initial cash invested.
-10.41%
Cash On Cash
4.4%
Cap Rate
0.67
DSCR
$4,551
Rent
-$1,386
Cashflow
Cash Flow
$4,551 income − $5,937 expenses = $1,386 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
$4,551
Total Expenses
$5,937
Mortgage P&I
81%
$3,680
Property Taxes
10%
$467
Home Insurance
5%
$242
HOA
0%
$0
Property Management
12%
$546
CapEx
4%
$182
Vacancy
3%
$137
Maintenance
4%
$182
Other
11%
$501