This property looks like a bad Long-Term investment with a projected -8% first-year return on $47,250 initial cash invested.
-8%
Cash On Cash
5.34%
Cap Rate
0.81
DSCR
$1,459
Rent
-$315
Cashflow
Cash Flow
$1,459 income − $1,774 expenses = $315 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,459
Total Expenses
$1,774
Mortgage P&I
85%
$1,243
Property Taxes
5%
$72
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0