This property looks like a bad Mid-Term investment with a projected -14.49% first-year return on $186k initial cash invested.
-14.49%
Cash On Cash
3.27%
Cap Rate
0.51
DSCR
$4,335
Rent
-$2,246
Cashflow
Cash Flow
$4,335 income − $6,581 expenses = $2,246 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,335
Total Expenses
$6,581
Mortgage P&I
98%
$4,251
Property Taxes
13%
$577
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$520
CapEx
4%
$173
Vacancy
3%
$130
Maintenance
4%
$173
Other
11%
$477