This property looks like a bad Mid-Term investment with a projected -0.4% first-year return on $59,979 initial cash invested.
-0.4%
Cash On Cash
7.08%
Cap Rate
1.07
DSCR
$2,316
Rent
-$20
Cashflow
Cash Flow
$2,316 income − $2,336 expenses = $20 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,316
Total Expenses
$2,336
Mortgage P&I
48%
$1,107
Property Taxes
16%
$371
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$278
CapEx
4%
$93
Vacancy
3%
$69
Maintenance
4%
$93
Other
11%
$255