This property looks like a bad Mid-Term investment with a projected -2.74% first-year return on $170k initial cash invested.
-2.74%
Cash On Cash
6.1%
Cap Rate
0.97
DSCR
$6,621
Rent
-$389
Cashflow
Cash Flow
$6,621 income − $7,010 expenses = $389 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,621
Total Expenses
$7,010
Mortgage P&I
58%
$3,809
Property Taxes
11%
$695
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$795
CapEx
4%
$265
Vacancy
3%
$199
Maintenance
4%
$265
Other
11%
$728