This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $200k initial cash invested.
-17.89%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$3,660
Rent
-$2,975
Cashflow
Cash Flow
$3,660 income − $6,635 expenses = $2,975 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,660
Total Expenses
$6,635
Mortgage P&I
142%
$5,179
Property Taxes
3%
$93
Home Insurance
9%
$332
HOA
2%
$79
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0