This property looks like a bad Long-Term investment with a projected -18.43% first-year return on $200k initial cash invested.
-18.43%
Cash On Cash
2.87%
Cap Rate
0.44
DSCR
$3,319
Rent
-$3,064
Cashflow
Cash Flow
$3,319 income − $6,383 expenses = $3,064 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
$3,319
Total Expenses
$6,383
Mortgage P&I
156%
$5,168
Property Taxes
1%
$20
Home Insurance
10%
$332
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0