This property looks like a bad Mid-Term investment with a projected -3.76% first-year return on $59,979 initial cash invested.
-3.76%
Cash On Cash
5.94%
Cap Rate
0.89
DSCR
$1,662
Rent
-$188
Cashflow
Cash Flow
$1,662 income − $1,850 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,662
Total Expenses
$1,850
Mortgage P&I
67%
$1,112
Property Taxes
6%
$104
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$199
CapEx
4%
$66
Vacancy
3%
$50
Maintenance
4%
$66
Other
11%
$183