This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $200k initial cash invested.
-18.73%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$3,438
Rent
-$3,114
Cashflow
Cash Flow
$3,438 income − $6,552 expenses = $3,114 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,438
Total Expenses
$6,552
Mortgage P&I
140%
$4,822
Property Taxes
15%
$504
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0