This property looks like a bad Long-Term investment with a projected -4.37% first-year return on $42,000 initial cash invested.
-4.37%
Cash On Cash
6.14%
Cap Rate
0.94
DSCR
$1,695
Rent
-$153
Cashflow
Cash Flow
$1,695 income − $1,848 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$42,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,695
Total Expenses
$1,848
Mortgage P&I
64%
$1,091
Property Taxes
14%
$245
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0