This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $160k initial cash invested.
-15.75%
Cash On Cash
2.81%
Cap Rate
0.45
DSCR
$3,178
Rent
-$2,094
Cashflow
Cash Flow
$3,178 income − $5,272 expenses = $2,094 out of pocket
Investment Breakdown
|
Purchase Price
$674k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,741
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,178
Total Expenses
$5,272
Mortgage P&I
112%
$3,545
Property Taxes
13%
$404
Home Insurance
8%
$243
HOA
0%
$0
Property Management
12%
$381
CapEx
4%
$127
Vacancy
3%
$95
Maintenance
4%
$127
Other
11%
$350