This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $160k initial cash invested.
-3.83%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$5,996
Rent
-$509
Cashflow
Cash Flow
$5,996 income − $6,505 expenses = $509 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%
$6,745
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,996
Total Expenses
$6,505
Mortgage P&I
61%
$3,653
Property Taxes
10%
$576
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$720
CapEx
4%
$240
Vacancy
3%
$180
Maintenance
4%
$240
Other
11%
$660