This property looks like a bad Mid-Term investment with a projected -10.85% first-year return on $186k initial cash invested.
-10.85%
Cash On Cash
3.84%
Cap Rate
0.63
DSCR
$4,791
Rent
-$1,682
Cashflow
Cash Flow
$4,791 income − $6,473 expenses = $1,682 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
$4,791
Total Expenses
$6,473
Mortgage P&I
84%
$4,048
Property Taxes
11%
$515
Home Insurance
6%
$280
HOA
0%
$0
Property Management
12%
$575
CapEx
4%
$192
Vacancy
3%
$144
Maintenance
4%
$192
Other
11%
$527