This property looks like a bad Mid-Term investment with a projected -12.6% first-year return on $170k initial cash invested.
-12.6%
Cash On Cash
3.61%
Cap Rate
0.57
DSCR
$3,632
Rent
-$1,788
Cashflow
Cash Flow
$3,632 income − $5,420 expenses = $1,788 out of pocket
Investment Breakdown
|
Purchase Price
$725k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$145k
Closing costs
1%
$7,250
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,632
Total Expenses
$5,420
Mortgage P&I
105%
$3,827
Property Taxes
3%
$104
Home Insurance
7%
$254
HOA
0%
$0
Property Management
12%
$436
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$400