This property looks like a bad Mid-Term investment with a projected -12.45% first-year return on $170k initial cash invested.
-12.45%
Cash On Cash
3.86%
Cap Rate
0.59
DSCR
$3,738
Rent
-$1,760
Cashflow
Cash Flow
$3,738 income − $5,498 expenses = $1,760 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,220
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,738
Total Expenses
$5,498
Mortgage P&I
105%
$3,931
Property Taxes
1%
$50
Home Insurance
7%
$245
HOA
0%
$0
Property Management
12%
$449
CapEx
4%
$150
Vacancy
3%
$112
Maintenance
4%
$150
Other
11%
$411