This property looks like a bad Mid-Term investment with a projected -17.19% first-year return on $170k initial cash invested.
-17.19%
Cash On Cash
2.86%
Cap Rate
0.43
DSCR
$4,197
Rent
-$2,429
Cashflow
Cash Flow
$4,197 income − $6,626 expenses = $2,429 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,215
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,197
Total Expenses
$6,626
Mortgage P&I
95%
$3,978
Property Taxes
23%
$984
Home Insurance
6%
$236
HOA
0%
$0
Property Management
12%
$504
CapEx
4%
$168
Vacancy
3%
$126
Maintenance
4%
$168
Other
11%
$462