This property looks like a bad Mid-Term investment with a projected -7.43% first-year return on $170k initial cash invested.
-7.43%
Cash On Cash
4.97%
Cap Rate
0.78
DSCR
$5,430
Rent
-$1,050
Cashflow
Cash Flow
$5,430 income − $6,480 expenses = $1,050 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.0%
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
$5,430
Total Expenses
$6,480
Mortgage P&I
70%
$3,826
Property Taxes
10%
$546
Home Insurance
5%
$262
HOA
0%
$0
Property Management
12%
$652
CapEx
4%
$217
Vacancy
3%
$163
Maintenance
4%
$217
Other
11%
$597