This property looks like a bad Mid-Term investment with a projected -0.72% first-year return on $186k initial cash invested.
-0.72%
Cash On Cash
6.69%
Cap Rate
1.04
DSCR
$7,102
Rent
-$111
Cashflow
Cash Flow
$7,102 income − $7,213 expenses = $111 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.1%
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
$7,102
Total Expenses
$7,213
Mortgage P&I
60%
$4,288
Property Taxes
3%
$231
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$852
CapEx
4%
$284
Vacancy
3%
$213
Maintenance
4%
$284
Other
11%
$781