This property looks like a bad Mid-Term investment with a projected -9.12% first-year return on $170k initial cash invested.
-9.12%
Cash On Cash
4.28%
Cap Rate
0.7
DSCR
$5,148
Rent
-$1,292
Cashflow
Cash Flow
$5,148 income − $6,440 expenses = $1,292 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,239
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,148
Total Expenses
$6,440
Mortgage P&I
71%
$3,668
Property Taxes
14%
$733
Home Insurance
6%
$289
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$154
Maintenance
4%
$206
Other
11%
$566