This property looks like a bad Long-Term investment with a projected -21.03% first-year return on $200k initial cash invested.
-21.03%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$3,677
Rent
-$3,503
Cashflow
Cash Flow
$3,677 income − $7,180 expenses = $3,503 out of pocket
Investment Breakdown
|
Purchase Price
$952k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$190k
Closing costs
1%
$9,519
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,677
Total Expenses
$7,180
Mortgage P&I
141%
$5,202
Property Taxes
18%
$680
Home Insurance
9%
$341
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0