This property looks like a bad Mid-Term investment with a projected -16.07% first-year return on $186k initial cash invested.
-16.07%
Cash On Cash
3.26%
Cap Rate
0.48
DSCR
$3,938
Rent
-$2,491
Cashflow
Cash Flow
$3,938 income − $6,429 expenses = $2,491 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%
$7,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$3,938
Total Expenses
$6,429
Mortgage P&I
114%
$4,506
Property Taxes
7%
$285
Home Insurance
8%
$298
HOA
0%
$0
Property Management
12%
$473
CapEx
4%
$158
Vacancy
3%
$118
Maintenance
4%
$158
Other
11%
$433