This property looks like a bad Mid-Term investment with a projected -20.94% first-year return on $186k initial cash invested.
-20.94%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,898
Rent
-$3,245
Cashflow
Cash Flow
$2,898 income − $6,143 expenses = $3,245 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,898
Total Expenses
$6,143
Mortgage P&I
140%
$4,070
Property Taxes
28%
$807
Home Insurance
10%
$280
HOA
0%
$0
Property Management
12%
$348
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$319