This property looks like a bad Mid-Term investment with a projected -14.7% first-year return on $160k initial cash invested.
-14.7%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,024
Rent
-$1,957
Cashflow
Cash Flow
$3,024 income − $4,981 expenses = $1,957 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,024
Total Expenses
$4,981
Mortgage P&I
122%
$3,697
Property Taxes
1%
$19
Home Insurance
8%
$236
HOA
0%
$0
Property Management
12%
$363
CapEx
4%
$121
Vacancy
3%
$91
Maintenance
4%
$121
Other
11%
$333