This property looks like a bad Mid-Term investment with a projected -9.08% first-year return on $186k initial cash invested.
-9.08%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$6,441
Rent
-$1,408
Cashflow
Cash Flow
$6,441 income − $7,849 expenses = $1,408 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.0%
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
$6,441
Total Expenses
$7,849
Mortgage P&I
66%
$4,279
Property Taxes
17%
$1,099
Home Insurance
4%
$280
HOA
0%
$0
Property Management
12%
$773
CapEx
4%
$258
Vacancy
3%
$193
Maintenance
4%
$258
Other
11%
$709