This property looks like a bad Mid-Term investment with a projected -12.06% first-year return on $170k initial cash invested.
-12.06%
Cash On Cash
3.97%
Cap Rate
0.61
DSCR
$4,140
Rent
-$1,710
Cashflow
Cash Flow
$4,140 income − $5,850 expenses = $1,710 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,244
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,140
Total Expenses
$5,850
Mortgage P&I
95%
$3,941
Property Taxes
5%
$219
Home Insurance
6%
$262
HOA
0%
$20
Property Management
12%
$497
CapEx
4%
$166
Vacancy
3%
$124
Maintenance
4%
$166
Other
11%
$455