This property looks like a bad Mid-Term investment with a projected -12.83% first-year return on $186k initial cash invested.
-12.83%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$5,238
Rent
-$1,989
Cashflow
Cash Flow
$5,238 income − $7,227 expenses = $1,989 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,238
Total Expenses
$7,227
Mortgage P&I
84%
$4,378
Property Taxes
15%
$787
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$629
CapEx
4%
$210
Vacancy
3%
$157
Maintenance
4%
$210
Other
11%
$576