This property looks like a bad Mid-Term investment with a projected -13.56% first-year return on $186k initial cash invested.
-13.56%
Cash On Cash
3.59%
Cap Rate
0.56
DSCR
$5,134
Rent
-$2,102
Cashflow
Cash Flow
$5,134 income − $7,236 expenses = $2,102 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.1%
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
$5,134
Total Expenses
$7,236
Mortgage P&I
84%
$4,292
Property Taxes
17%
$884
Home Insurance
6%
$315
HOA
0%
$0
Property Management
12%
$616
CapEx
4%
$205
Vacancy
3%
$154
Maintenance
4%
$205
Other
11%
$565