This property looks like a bad Long-Term investment with a projected -15.51% first-year return on $42,000 initial cash invested.
-15.51%
Cash On Cash
3.95%
Cap Rate
0.58
DSCR
$1,266
Rent
-$543
Cashflow
Cash Flow
$1,266 income − $1,809 expenses = $543 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,266
Total Expenses
$1,809
Mortgage P&I
90%
$1,139
Property Taxes
21%
$271
Home Insurance
6%
$70
HOA
0%
$0
Property Management
10%
$127
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0