This property looks like a bad Mid-Term investment with a projected -13.17% first-year return on $186k initial cash invested.
-13.17%
Cash On Cash
3.48%
Cap Rate
0.55
DSCR
$4,166
Rent
-$2,041
Cashflow
Cash Flow
$4,166 income − $6,207 expenses = $2,041 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,166
Total Expenses
$6,207
Mortgage P&I
101%
$4,194
Property Taxes
7%
$312
Home Insurance
7%
$280
HOA
0%
$4
Property Management
12%
$500
CapEx
4%
$167
Vacancy
3%
$125
Maintenance
4%
$167
Other
11%
$458