This property looks like a bad Mid-Term investment with a projected -13.6% first-year return on $186k initial cash invested.
-13.6%
Cash On Cash
3.65%
Cap Rate
0.56
DSCR
$4,968
Rent
-$2,107
Cashflow
Cash Flow
$4,968 income − $7,075 expenses = $2,107 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$186k
Downpayment
20%
$160k
Closing costs
1%
$7,995
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,968
Total Expenses
$7,075
Mortgage P&I
87%
$4,341
Property Taxes
15%
$758
Home Insurance
6%
$287
HOA
0%
$0
Property Management
12%
$596
CapEx
4%
$199
Vacancy
3%
$149
Maintenance
4%
$199
Other
11%
$546