This property looks like a bad Mid-Term investment with a projected -17.4% first-year return on $170k initial cash invested.
-17.4%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$3,346
Rent
-$2,458
Cashflow
Cash Flow
$3,346 income − $5,804 expenses = $2,458 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,215
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,346
Total Expenses
$5,804
Mortgage P&I
116%
$3,878
Property Taxes
14%
$463
Home Insurance
8%
$262
HOA
2%
$63
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$368