This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $65,250 initial cash invested.
-2.39%
Cash On Cash
6.42%
Cap Rate
0.96
DSCR
$1,880
Rent
-$130
Cashflow
Cash Flow
$1,880 income − $2,010 expenses = $130 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
$1,880
Total Expenses
$2,010
Mortgage P&I
67%
$1,259
Property Taxes
2%
$33
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$226
CapEx
4%
$75
Vacancy
3%
$56
Maintenance
4%
$75
Other
11%
$207