This property looks like a bad Long-Term investment with a projected -2.18% first-year return on $47,250 initial cash invested.
-2.18%
Cash On Cash
6.71%
Cap Rate
1.01
DSCR
$2,022
Rent
-$86
Cashflow
Cash Flow
$2,022 income − $2,108 expenses = $86 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
$2,022
Total Expenses
$2,108
Mortgage P&I
61%
$1,243
Property Taxes
13%
$261
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0