This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $200k initial cash invested.
-19.01%
Cash On Cash
2.67%
Cap Rate
0.41
DSCR
$3,534
Rent
-$3,160
Cashflow
Cash Flow
$3,534 income − $6,694 expenses = $3,160 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,534
Total Expenses
$6,694
Mortgage P&I
144%
$5,094
Property Taxes
10%
$349
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0