This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $170k initial cash invested.
-4.94%
Cash On Cash
5.61%
Cap Rate
0.88
DSCR
$5,685
Rent
-$702
Cashflow
Cash Flow
$5,685 income − $6,387 expenses = $702 out of pocket
Investment Breakdown
|
Purchase Price
$726k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,259
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,685
Total Expenses
$6,387
Mortgage P&I
68%
$3,871
Property Taxes
6%
$330
Home Insurance
4%
$254
HOA
0%
$0
Property Management
12%
$682
CapEx
4%
$227
Vacancy
3%
$171
Maintenance
4%
$227
Other
11%
$625