This property looks like a bad Long-Term investment with a projected -6.66% first-year return on $42,000 initial cash invested.
-6.66%
Cash On Cash
5.49%
Cap Rate
0.86
DSCR
$1,563
Rent
-$233
Cashflow
Cash Flow
$1,563 income − $1,796 expenses = $233 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,563
Total Expenses
$1,796
Mortgage P&I
68%
$1,070
Property Taxes
16%
$250
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0