This property looks like a bad Mid-Term investment with a projected -10.69% first-year return on $186k initial cash invested.
-10.69%
Cash On Cash
4.72%
Cap Rate
0.69
DSCR
$6,706
Rent
-$1,657
Cashflow
Cash Flow
$6,706 income − $8,363 expenses = $1,657 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$8,003
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,706
Total Expenses
$8,363
Mortgage P&I
68%
$4,539
Property Taxes
19%
$1,296
Home Insurance
4%
$248
HOA
0%
$0
Property Management
12%
$805
CapEx
4%
$268
Vacancy
3%
$201
Maintenance
4%
$268
Other
11%
$738