This property looks like a bad Mid-Term investment with a projected -12.69% first-year return on $160k initial cash invested.
-12.69%
Cash On Cash
3.75%
Cap Rate
0.58
DSCR
$4,038
Rent
-$1,694
Cashflow
Cash Flow
$4,038 income − $5,732 expenses = $1,694 out of pocket
Investment Breakdown
|
Purchase Price
$677k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$135k
Closing costs
1%
$6,770
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$4,038
Total Expenses
$5,732
Mortgage P&I
90%
$3,649
Property Taxes
12%
$472
Home Insurance
6%
$237
HOA
0%
$0
Property Management
12%
$485
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$444