This property looks like a bad Mid-Term investment with a projected -7.52% first-year return on $160k initial cash invested.
-7.52%
Cash On Cash
4.75%
Cap Rate
0.77
DSCR
$5,570
Rent
-$1,003
Cashflow
Cash Flow
$5,570 income − $6,573 expenses = $1,003 out of pocket
Investment Breakdown
|
Purchase Price
$676k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,764
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$5,570
Total Expenses
$6,573
Mortgage P&I
62%
$3,455
Property Taxes
18%
$991
Home Insurance
4%
$233
HOA
0%
$0
Property Management
12%
$668
CapEx
4%
$223
Vacancy
3%
$167
Maintenance
4%
$223
Other
11%
$613