This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $200k initial cash invested.
-19.17%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$3,713
Rent
-$3,187
Cashflow
Cash Flow
$3,713 income − $6,900 expenses = $3,187 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,713
Total Expenses
$6,900
Mortgage P&I
132%
$4,887
Property Taxes
19%
$715
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0