This property looks like a bad Mid-Term investment with a projected -4.79% first-year return on $186k initial cash invested.
-4.79%
Cash On Cash
5.85%
Cap Rate
0.89
DSCR
$7,094
Rent
-$743
Cashflow
Cash Flow
$7,094 income − $7,837 expenses = $743 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.2%
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
$7,094
Total Expenses
$7,837
Mortgage P&I
61%
$4,358
Property Taxes
11%
$787
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$851
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$780