This property looks like a bad Long-Term investment with a projected -6.63% first-year return on $41,979 initial cash invested.
-6.63%
Cash On Cash
5.56%
Cap Rate
0.85
DSCR
$1,302
Rent
-$232
Cashflow
Cash Flow
$1,302 income − $1,534 expenses = $232 out of pocket
Investment Breakdown
|
Purchase Price
$200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$41,979
Downpayment
20%
$39,980
Closing costs
1%
$1,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,302
Total Expenses
$1,534
Mortgage P&I
84%
$1,094
Property Taxes
2%
$32
Home Insurance
5%
$70
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0