This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $200k initial cash invested.
-18.62%
Cash On Cash
2.94%
Cap Rate
0.44
DSCR
$3,608
Rent
-$3,107
Cashflow
Cash Flow
$3,608 income − $6,715 expenses = $3,107 out of pocket
Investment Breakdown
|
Purchase Price
$953k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$200k
Downpayment
20%
$191k
Closing costs
1%
$9,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,608
Total Expenses
$6,715
Mortgage P&I
146%
$5,259
Property Taxes
2%
$69
Home Insurance
12%
$450
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0