This property looks like a bad Long-Term investment with a projected -25% first-year return on $200k initial cash invested.
-25%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$2,870
Rent
-$4,157
Cashflow
Cash Flow
$2,870 income − $7,027 expenses = $4,157 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
$2,870
Total Expenses
$7,027
Mortgage P&I
180%
$5,179
Property Taxes
27%
$769
Home Insurance
12%
$332
HOA
0%
$0
Property Management
10%
$287
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0