This property looks like a bad Mid-Term investment with a projected -20.51% first-year return on $170k initial cash invested.
-20.51%
Cash On Cash
1.85%
Cap Rate
0.29
DSCR
$2,944
Rent
-$2,909
Cashflow
Cash Flow
$2,944 income − $5,853 expenses = $2,909 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,249
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$2,944
Total Expenses
$5,853
Mortgage P&I
133%
$3,906
Property Taxes
23%
$685
Home Insurance
9%
$261
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324