This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $170k initial cash invested.
-3.1%
Cash On Cash
5.77%
Cap Rate
0.95
DSCR
$6,094
Rent
-$439
Cashflow
Cash Flow
$6,094 income − $6,533 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,224
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,094
Total Expenses
$6,533
Mortgage P&I
60%
$3,670
Property Taxes
9%
$537
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$731
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$670