This property looks like a bad Mid-Term investment with a projected -13.14% first-year return on $186k initial cash invested.
-13.14%
Cash On Cash
3.82%
Cap Rate
0.58
DSCR
$5,154
Rent
-$2,036
Cashflow
Cash Flow
$5,154 income − $7,190 expenses = $2,036 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,154
Total Expenses
$7,190
Mortgage P&I
85%
$4,378
Property Taxes
15%
$780
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$618
CapEx
4%
$206
Vacancy
3%
$155
Maintenance
4%
$206
Other
11%
$567