This property looks like a bad Mid-Term investment with a projected -19.45% first-year return on $186k initial cash invested.
-19.45%
Cash On Cash
2.28%
Cap Rate
0.34
DSCR
$3,015
Rent
-$3,015
Cashflow
Cash Flow
$3,015 income − $6,030 expenses = $3,015 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,015
Total Expenses
$6,030
Mortgage P&I
146%
$4,411
Property Taxes
10%
$313
Home Insurance
9%
$280
HOA
0%
$0
Property Management
12%
$362
CapEx
4%
$121
Vacancy
3%
$90
Maintenance
4%
$121
Other
11%
$332