This property looks like a bad Long-Term investment with a projected -7.06% first-year return on $42,000 initial cash invested.
-7.06%
Cash On Cash
5.8%
Cap Rate
0.86
DSCR
$1,887
Rent
-$247
Cashflow
Cash Flow
$1,887 income − $2,134 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,887
Total Expenses
$2,134
Mortgage P&I
59%
$1,120
Property Taxes
24%
$454
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0