This property looks like a bad Mid-Term investment with a projected -5.04% first-year return on $60,000 initial cash invested.
-5.04%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$1,952
Rent
-$252
Cashflow
Cash Flow
$1,952 income − $2,204 expenses = $252 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$60,000
Downpayment
20%
$40,000
Closing costs
1%
$2,000
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$1,952
Total Expenses
$2,204
Mortgage P&I
58%
$1,123
Property Taxes
18%
$347
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$234
CapEx
4%
$78
Vacancy
3%
$59
Maintenance
4%
$78
Other
11%
$215