This property looks like a bad Mid-Term investment with a projected -16.35% first-year return on $170k initial cash invested.
-16.35%
Cash On Cash
2.41%
Cap Rate
0.4
DSCR
$2,550
Rent
-$2,319
Cashflow
Cash Flow
$2,550 income − $4,869 expenses = $2,319 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,550
Total Expenses
$4,869
Mortgage P&I
144%
$3,671
Property Taxes
3%
$78
Home Insurance
10%
$254
HOA
0%
$0
Property Management
12%
$306
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$280