This property looks like a bad Long-Term investment with a projected -22.57% first-year return on $200k initial cash invested.
-22.57%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$3,705
Rent
-$3,752
Cashflow
Cash Flow
$3,705 income − $7,457 expenses = $3,752 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,705
Total Expenses
$7,457
Mortgage P&I
141%
$5,229
Property Taxes
25%
$934
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0