This property looks like a bad Long-Term investment with a projected -22.88% first-year return on $200k initial cash invested.
-22.88%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$3,511
Rent
-$3,803
Cashflow
Cash Flow
$3,511 income − $7,314 expenses = $3,803 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,511
Total Expenses
$7,314
Mortgage P&I
147%
$5,173
Property Taxes
25%
$895
Home Insurance
9%
$332
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0