This property looks like a bad Long-Term investment with a projected -2.03% first-year return on $41,979 initial cash invested.
-2.03%
Cash On Cash
6.6%
Cap Rate
1.02
DSCR
$1,897
Rent
-$71
Cashflow
Cash Flow
$1,897 income − $1,968 expenses = $71 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,897
Total Expenses
$1,968
Mortgage P&I
57%
$1,075
Property Taxes
17%
$329
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0