This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $60,000 initial cash invested.
-4.54%
Cash On Cash
5.93%
Cap Rate
0.87
DSCR
$1,899
Rent
-$227
Cashflow
Cash Flow
$1,899 income − $2,126 expenses = $227 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,899
Total Expenses
$2,126
Mortgage P&I
60%
$1,139
Property Taxes
14%
$271
Home Insurance
4%
$70
HOA
0%
$0
Property Management
12%
$228
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$209