This property looks like a bad Mid-Term investment with a projected -11.27% first-year return on $170k initial cash invested.
-11.27%
Cash On Cash
4.08%
Cap Rate
0.64
DSCR
$4,884
Rent
-$1,593
Cashflow
Cash Flow
$4,884 income − $6,477 expenses = $1,593 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,219
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,884
Total Expenses
$6,477
Mortgage P&I
79%
$3,850
Property Taxes
15%
$710
Home Insurance
5%
$257
HOA
0%
$0
Property Management
12%
$586
CapEx
4%
$195
Vacancy
3%
$147
Maintenance
4%
$195
Other
11%
$537