This property looks like a bad Mid-Term investment with a projected -1.2% first-year return on $60,000 initial cash invested.
-1.2%
Cash On Cash
6.4%
Cap Rate
1.01
DSCR
$1,696
Rent
-$60
Cashflow
Cash Flow
$1,696 income − $1,756 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,696
Total Expenses
$1,756
Mortgage P&I
62%
$1,059
Property Taxes
3%
$49
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$204
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$187