This property looks like a bad Mid-Term investment with a projected -17.05% first-year return on $186k initial cash invested.
-17.05%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$5,043
Rent
-$2,642
Cashflow
Cash Flow
$5,043 income − $7,685 expenses = $2,642 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.2%
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
$5,043
Total Expenses
$7,685
Mortgage P&I
86%
$4,361
Property Taxes
21%
$1,062
Home Insurance
6%
$280
HOA
5%
$267
Property Management
12%
$605
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555