This property looks like a bad Long-Term investment with a projected -23.55% first-year return on $200k initial cash invested.
-23.55%
Cash On Cash
1.9%
Cap Rate
0.28
DSCR
$2,557
Rent
-$3,927
Cashflow
Cash Flow
$2,557 income − $6,484 expenses = $3,927 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$191k
Closing costs
1%
$9,527
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,557
Total Expenses
$6,484
Mortgage P&I
208%
$5,310
Property Taxes
6%
$159
Home Insurance
14%
$350
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0