This property looks like a bad Mid-Term investment with a projected -14.05% first-year return on $170k initial cash invested.
-14.05%
Cash On Cash
3.2%
Cap Rate
0.51
DSCR
$3,250
Rent
-$1,993
Cashflow
Cash Flow
$3,250 income − $5,243 expenses = $1,993 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,250
Total Expenses
$5,243
Mortgage P&I
117%
$3,799
Property Taxes
3%
$84
Home Insurance
8%
$254
HOA
0%
$0
Property Management
12%
$390
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358