This property looks like a bad Mid-Term investment with a projected -16.61% first-year return on $186k initial cash invested.
-16.61%
Cash On Cash
3.07%
Cap Rate
0.46
DSCR
$3,824
Rent
-$2,574
Cashflow
Cash Flow
$3,824 income − $6,398 expenses = $2,574 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.5%
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
$3,824
Total Expenses
$6,398
Mortgage P&I
117%
$4,467
Property Taxes
9%
$350
Home Insurance
7%
$280
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421