This property looks like a bad Long-Term investment with a projected -20.83% first-year return on $200k initial cash invested.
-20.83%
Cash On Cash
1.92%
Cap Rate
0.31
DSCR
$2,638
Rent
-$3,463
Cashflow
Cash Flow
$2,638 income − $6,101 expenses = $3,463 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,638
Total Expenses
$6,101
Mortgage P&I
184%
$4,849
Property Taxes
9%
$234
Home Insurance
13%
$332
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0