This property looks like a bad Long-Term investment with a projected -9.77% first-year return on $42,000 initial cash invested.
-9.77%
Cash On Cash
4.64%
Cap Rate
0.73
DSCR
$1,131
Rent
-$342
Cashflow
Cash Flow
$1,131 income − $1,473 expenses = $342 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,131
Total Expenses
$1,473
Mortgage P&I
94%
$1,059
Property Taxes
4%
$49
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$113
CapEx
5%
$57
Vacancy
6%
$68
Maintenance
5%
$57
Other
0%
$0