This property looks like a bad Mid-Term investment with a projected -8.46% first-year return on $186k initial cash invested.
-8.46%
Cash On Cash
5.02%
Cap Rate
0.75
DSCR
$5,342
Rent
-$1,312
Cashflow
Cash Flow
$5,342 income − $6,654 expenses = $1,312 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%
$8,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,342
Total Expenses
$6,654
Mortgage P&I
83%
$4,446
Property Taxes
2%
$111
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$641
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588