This property looks like a bad Mid-Term investment with a projected -15.81% first-year return on $160k initial cash invested.
-15.81%
Cash On Cash
2.78%
Cap Rate
0.44
DSCR
$3,207
Rent
-$2,114
Cashflow
Cash Flow
$3,207 income − $5,321 expenses = $2,114 out of pocket
Investment Breakdown
|
Purchase Price
$678k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$136k
Closing costs
1%
$6,784
Rehab
0%
$0
Furnishing
3%
$18,000
Cashflow
Total Income
$3,207
Total Expenses
$5,321
Mortgage P&I
111%
$3,558
Property Taxes
6%
$183
Home Insurance
15%
$490
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353