This property looks like a bad Long-Term investment with a projected -22.24% first-year return on $200k initial cash invested.
-22.24%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$2,911
Rent
-$3,698
Cashflow
Cash Flow
$2,911 income − $6,609 expenses = $3,698 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,911
Total Expenses
$6,609
Mortgage P&I
167%
$4,852
Property Taxes
23%
$667
Home Insurance
11%
$332
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0