This property looks like a bad Long-Term investment with a projected -21.55% first-year return on $200k initial cash invested.
-21.55%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$2,551
Rent
-$3,583
Cashflow
Cash Flow
$2,551 income − $6,134 expenses = $3,583 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,551
Total Expenses
$6,134
Mortgage P&I
188%
$4,805
Property Taxes
13%
$333
Home Insurance
13%
$332
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0