This property looks like a bad Mid-Term investment with a projected -5.54% first-year return on $186k initial cash invested.
-5.54%
Cash On Cash
5.17%
Cap Rate
0.85
DSCR
$6,033
Rent
-$858
Cashflow
Cash Flow
$6,033 income − $6,891 expenses = $858 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,996
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,033
Total Expenses
$6,891
Mortgage P&I
67%
$4,064
Property Taxes
8%
$496
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$724
CapEx
4%
$241
Vacancy
3%
$181
Maintenance
4%
$241
Other
11%
$664