This property looks like a bad Mid-Term investment with a projected -13.37% first-year return on $160k initial cash invested.
-13.37%
Cash On Cash
3.73%
Cap Rate
0.57
DSCR
$5,054
Rent
-$1,780
Cashflow
Cash Flow
$5,054 income − $6,834 expenses = $1,780 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,054
Total Expenses
$6,834
Mortgage P&I
73%
$3,675
Property Taxes
24%
$1,205
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$152
Maintenance
4%
$202
Other
11%
$556