This property looks like a bad Mid-Term investment with a projected -6.32% first-year return on $170k initial cash invested.
-6.32%
Cash On Cash
5.42%
Cap Rate
0.83
DSCR
$6,056
Rent
-$895
Cashflow
Cash Flow
$6,056 income − $6,951 expenses = $895 out of pocket
Investment Breakdown
|
Purchase Price
$723k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,229
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,056
Total Expenses
$6,951
Mortgage P&I
65%
$3,918
Property Taxes
12%
$717
Home Insurance
4%
$257
HOA
0%
$0
Property Management
12%
$727
CapEx
4%
$242
Vacancy
3%
$182
Maintenance
4%
$242
Other
11%
$666