This property looks like a bad Long-Term investment with a projected -3.15% first-year return on $41,895 initial cash invested.
-3.15%
Cash On Cash
6.51%
Cap Rate
0.98
DSCR
$1,719
Rent
-$110
Cashflow
Cash Flow
$1,719 income − $1,829 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,895
Downpayment
20%
$39,900
Closing costs
1%
$1,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,719
Total Expenses
$1,829
Mortgage P&I
64%
$1,106
Property Taxes
12%
$206
Home Insurance
4%
$70
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0