This property looks like a bad Mid-Term investment with a projected -10.76% first-year return on $186k initial cash invested.
-10.76%
Cash On Cash
4.42%
Cap Rate
0.67
DSCR
$5,502
Rent
-$1,668
Cashflow
Cash Flow
$5,502 income − $7,170 expenses = $1,668 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,502
Total Expenses
$7,170
Mortgage P&I
80%
$4,396
Property Taxes
11%
$624
Home Insurance
5%
$280
HOA
0%
$0
Property Management
12%
$660
CapEx
4%
$220
Vacancy
3%
$165
Maintenance
4%
$220
Other
11%
$605