This property looks like a bad Mid-Term investment with a projected -3.1% first-year return on $170k initial cash invested.
-3.1%
Cash On Cash
6.21%
Cap Rate
0.95
DSCR
$6,561
Rent
-$439
Cashflow
Cash Flow
$6,561 income − $7,000 expenses = $439 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,245
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,561
Total Expenses
$7,000
Mortgage P&I
60%
$3,926
Property Taxes
9%
$617
Home Insurance
3%
$227
HOA
0%
$0
Property Management
12%
$787
CapEx
4%
$262
Vacancy
3%
$197
Maintenance
4%
$262
Other
11%
$722