This property looks like a bad Long-Term investment with a projected -29.3% first-year return on $200k initial cash invested.
-29.3%
Cash On Cash
0.67%
Cap Rate
0.1
DSCR
$1,925
Rent
-$4,871
Cashflow
Cash Flow
$1,925 income − $6,796 expenses = $4,871 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,925
Total Expenses
$6,796
Mortgage P&I
275%
$5,302
Property Taxes
34%
$662
Home Insurance
17%
$332
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0