This property looks like a bad Mid-Term investment with a projected -9.1% first-year return on $160k initial cash invested.
-9.1%
Cash On Cash
4.25%
Cap Rate
0.7
DSCR
$4,122
Rent
-$1,217
Cashflow
Cash Flow
$4,122 income − $5,339 expenses = $1,217 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$136k
Closing costs
1%
$6,781
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,122
Total Expenses
$5,339
Mortgage P&I
84%
$3,451
Property Taxes
6%
$241
Home Insurance
6%
$245
HOA
0%
$0
Property Management
12%
$495
CapEx
4%
$165
Vacancy
3%
$124
Maintenance
4%
$165
Other
11%
$453