This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $186k initial cash invested.
-7.33%
Cash On Cash
5.1%
Cap Rate
0.79
DSCR
$6,262
Rent
-$1,136
Cashflow
Cash Flow
$6,262 income − $7,398 expenses = $1,136 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%
$7,999
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,262
Total Expenses
$7,398
Mortgage P&I
68%
$4,283
Property Taxes
11%
$707
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$751
CapEx
4%
$250
Vacancy
3%
$188
Maintenance
4%
$250
Other
11%
$689