This property looks like a bad Mid-Term investment with a projected -7.22% first-year return on $160k initial cash invested.
-7.22%
Cash On Cash
4.72%
Cap Rate
0.78
DSCR
$5,034
Rent
-$961
Cashflow
Cash Flow
$5,034 income − $5,995 expenses = $961 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.5%
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
$5,034
Total Expenses
$5,995
Mortgage P&I
68%
$3,415
Property Taxes
13%
$633
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$604
CapEx
4%
$201
Vacancy
3%
$151
Maintenance
4%
$201
Other
11%
$554