This property looks like a bad Long-Term investment with a projected -4.4% first-year return on $41,979 initial cash invested.
-4.4%
Cash On Cash
6.21%
Cap Rate
0.93
DSCR
$1,628
Rent
-$154
Cashflow
Cash Flow
$1,628 income − $1,782 expenses = $154 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,628
Total Expenses
$1,782
Mortgage P&I
68%
$1,107
Property Taxes
11%
$182
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0