This property looks like a bad Long-Term investment with a projected -13.81% first-year return on $200k initial cash invested.
-13.81%
Cash On Cash
3.44%
Cap Rate
0.57
DSCR
$4,331
Rent
-$2,296
Cashflow
Cash Flow
$4,331 income − $6,627 expenses = $2,296 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
$4,331
Total Expenses
$6,627
Mortgage P&I
111%
$4,803
Property Taxes
8%
$365
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$433
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0