This property looks like a bad Long-Term investment with a projected -16.49% first-year return on $42,000 initial cash invested.
-16.49%
Cash On Cash
3.67%
Cap Rate
0.54
DSCR
$1,301
Rent
-$577
Cashflow
Cash Flow
$1,301 income − $1,878 expenses = $577 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
$1,301
Total Expenses
$1,878
Mortgage P&I
86%
$1,123
Property Taxes
27%
$347
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0