This property looks like a bad Mid-Term investment with a projected -3.75% first-year return on $160k initial cash invested.
-3.75%
Cash On Cash
6.07%
Cap Rate
0.93
DSCR
$6,454
Rent
-$501
Cashflow
Cash Flow
$6,454 income − $6,955 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$136k
Closing costs
1%
$6,778
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$6,454
Total Expenses
$6,955
Mortgage P&I
57%
$3,674
Property Taxes
13%
$842
Home Insurance
4%
$245
HOA
0%
$0
Property Management
12%
$774
CapEx
4%
$258
Vacancy
3%
$194
Maintenance
4%
$258
Other
11%
$710