This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $200k initial cash invested.
-18.15%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$4,654
Rent
-$3,018
Cashflow
Cash Flow
$4,654 income − $7,672 expenses = $3,018 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,654
Total Expenses
$7,672
Mortgage P&I
112%
$5,196
Property Taxes
20%
$934
Home Insurance
7%
$332
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$233
Vacancy
6%
$279
Maintenance
5%
$233
Other
0%
$0