This property looks like a bad Long-Term investment with a projected -24.53% first-year return on $200k initial cash invested.
-24.53%
Cash On Cash
1.61%
Cap Rate
0.25
DSCR
$3,360
Rent
-$4,091
Cashflow
Cash Flow
$3,360 income − $7,451 expenses = $4,091 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$191k
Closing costs
1%
$9,531
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,360
Total Expenses
$7,451
Mortgage P&I
155%
$5,201
Property Taxes
21%
$711
Home Insurance
20%
$665
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0