This property looks like a bad Mid-Term investment with a projected -9.72% first-year return on $65,187 initial cash invested.
-9.72%
Cash On Cash
4.24%
Cap Rate
0.63
DSCR
$1,689
Rent
-$528
Cashflow
Cash Flow
$1,689 income − $2,217 expenses = $528 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,187
Downpayment
20%
$44,940
Closing costs
1%
$2,247
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,689
Total Expenses
$2,217
Mortgage P&I
74%
$1,254
Property Taxes
18%
$299
Home Insurance
5%
$88
HOA
0%
$0
Property Management
12%
$203
CapEx
4%
$68
Vacancy
3%
$51
Maintenance
4%
$68
Other
11%
$186