This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $65,250 initial cash invested.
-2.57%
Cash On Cash
6.36%
Cap Rate
0.95
DSCR
$1,854
Rent
-$140
Cashflow
Cash Flow
$1,854 income − $1,994 expenses = $140 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,854
Total Expenses
$1,994
Mortgage P&I
68%
$1,259
Property Taxes
1%
$26
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$204