This property looks like a bad Mid-Term investment with a projected -12.75% first-year return on $170k initial cash invested.
-12.75%
Cash On Cash
3.91%
Cap Rate
0.59
DSCR
$4,179
Rent
-$1,809
Cashflow
Cash Flow
$4,179 income − $5,988 expenses = $1,809 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
7.4%
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
$4,179
Total Expenses
$5,988
Mortgage P&I
96%
$4,006
Property Taxes
7%
$308
Home Insurance
6%
$254
HOA
0%
$0
Property Management
12%
$501
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$460