This property looks like a bad Mid-Term investment with a projected -7.58% first-year return on $160k initial cash invested.
-7.58%
Cash On Cash
4.99%
Cap Rate
0.78
DSCR
$5,366
Rent
-$1,009
Cashflow
Cash Flow
$5,366 income − $6,375 expenses = $1,009 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,366
Total Expenses
$6,375
Mortgage P&I
67%
$3,600
Property Taxes
13%
$714
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$644
CapEx
4%
$215
Vacancy
3%
$161
Maintenance
4%
$215
Other
11%
$590