This property looks like a bad Mid-Term investment with a projected -13.84% first-year return on $186k initial cash invested.
-13.84%
Cash On Cash
3.5%
Cap Rate
0.55
DSCR
$5,350
Rent
-$2,145
Cashflow
Cash Flow
$5,350 income − $7,495 expenses = $2,145 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%
$8,000
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,350
Total Expenses
$7,495
Mortgage P&I
80%
$4,262
Property Taxes
15%
$780
Home Insurance
5%
$280
HOA
7%
$355
Property Management
12%
$642
CapEx
4%
$214
Vacancy
3%
$160
Maintenance
4%
$214
Other
11%
$588