This property looks like a bad Mid-Term investment with a projected -14.24% first-year return on $170k initial cash invested.
-14.24%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$4,092
Rent
-$2,020
Cashflow
Cash Flow
$4,092 income − $6,112 expenses = $2,020 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,246
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,092
Total Expenses
$6,112
Mortgage P&I
96%
$3,913
Property Taxes
12%
$475
Home Insurance
8%
$332
HOA
0%
$0
Property Management
12%
$491
CapEx
4%
$164
Vacancy
3%
$123
Maintenance
4%
$164
Other
11%
$450