This property looks like a bad Mid-Term investment with a projected -2.97% first-year return on $160k initial cash invested.
-2.97%
Cash On Cash
6.09%
Cap Rate
0.95
DSCR
$5,802
Rent
-$395
Cashflow
Cash Flow
$5,802 income − $6,197 expenses = $395 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
$5,802
Total Expenses
$6,197
Mortgage P&I
62%
$3,588
Property Taxes
7%
$401
Home Insurance
4%
$236
HOA
0%
$0
Property Management
12%
$696
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$638