This property looks like a bad Mid-Term investment with a projected -15.53% first-year return on $170k initial cash invested.
-15.53%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$4,491
Rent
-$2,199
Cashflow
Cash Flow
$4,491 income − $6,690 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$723k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,232
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,491
Total Expenses
$6,690
Mortgage P&I
86%
$3,840
Property Taxes
22%
$973
Home Insurance
8%
$349
HOA
0%
$0
Property Management
12%
$539
CapEx
4%
$180
Vacancy
3%
$135
Maintenance
4%
$180
Other
11%
$494