This property looks like a bad Mid-Term investment with a projected -9.01% first-year return on $186k initial cash invested.
-9.01%
Cash On Cash
4.56%
Cap Rate
0.72
DSCR
$5,812
Rent
-$1,396
Cashflow
Cash Flow
$5,812 income − $7,208 expenses = $1,396 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,812
Total Expenses
$7,208
Mortgage P&I
72%
$4,204
Property Taxes
6%
$326
Home Insurance
5%
$280
HOA
7%
$424
Property Management
12%
$697
CapEx
4%
$232
Vacancy
3%
$174
Maintenance
4%
$232
Other
11%
$639