This property looks like a bad Mid-Term investment with a projected -14.01% first-year return on $186k initial cash invested.
-14.01%
Cash On Cash
3.07%
Cap Rate
0.5
DSCR
$3,840
Rent
-$2,171
Cashflow
Cash Flow
$3,840 income − $6,011 expenses = $2,171 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,840
Total Expenses
$6,011
Mortgage P&I
106%
$4,062
Property Taxes
9%
$363
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$461
CapEx
4%
$154
Vacancy
3%
$115
Maintenance
4%
$154
Other
11%
$422