This property looks like a bad Mid-Term investment with a projected -12.01% first-year return on $160k initial cash invested.
-12.01%
Cash On Cash
3.74%
Cap Rate
0.6
DSCR
$4,640
Rent
-$1,599
Cashflow
Cash Flow
$4,640 income − $6,239 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$675k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,749
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,640
Total Expenses
$6,239
Mortgage P&I
76%
$3,519
Property Taxes
20%
$906
Home Insurance
5%
$236
HOA
0%
$0
Property Management
12%
$557
CapEx
4%
$186
Vacancy
3%
$139
Maintenance
4%
$186
Other
11%
$510