This property looks like a bad Long-Term investment with a projected -1.14% first-year return on $42,000 initial cash invested.
-1.14%
Cash On Cash
7.17%
Cap Rate
1.06
DSCR
$2,200
Rent
-$40
Cashflow
Cash Flow
$2,200 income − $2,240 expenses = $40 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,200
Total Expenses
$2,240
Mortgage P&I
51%
$1,125
Property Taxes
22%
$473
Home Insurance
3%
$70
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0