This property looks like a bad Mid-Term investment with a projected -3.22% first-year return on $170k initial cash invested.
-3.22%
Cash On Cash
6.32%
Cap Rate
0.95
DSCR
$6,663
Rent
-$456
Cashflow
Cash Flow
$6,663 income − $7,119 expenses = $456 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,241
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,663
Total Expenses
$7,119
Mortgage P&I
60%
$4,004
Property Taxes
9%
$610
Home Insurance
4%
$238
HOA
0%
$0
Property Management
12%
$800
CapEx
4%
$267
Vacancy
3%
$200
Maintenance
4%
$267
Other
11%
$733