This property looks like a bad Mid-Term investment with a projected -5.98% first-year return on $170k initial cash invested.
-5.98%
Cash On Cash
5.59%
Cap Rate
0.85
DSCR
$6,110
Rent
-$846
Cashflow
Cash Flow
$6,110 income − $6,956 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$144k
Closing costs
1%
$7,221
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,110
Total Expenses
$6,956
Mortgage P&I
65%
$3,968
Property Taxes
11%
$650
Home Insurance
4%
$262
HOA
0%
$0
Property Management
12%
$733
CapEx
4%
$244
Vacancy
3%
$183
Maintenance
4%
$244
Other
11%
$672