This property looks like a bad Mid-Term investment with a projected -1.82% first-year return on $59,979 initial cash invested.
-1.82%
Cash On Cash
6.55%
Cap Rate
0.99
DSCR
$2,097
Rent
-$91
Cashflow
Cash Flow
$2,097 income − $2,188 expenses = $91 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$59,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
9%
$18,000
Cashflow
Total Income
$2,097
Total Expenses
$2,188
Mortgage P&I
52%
$1,098
Property Taxes
15%
$306
Home Insurance
3%
$70
HOA
0%
$0
Property Management
12%
$252
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$231