This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $47,250 initial cash invested.
-8.58%
Cash On Cash
5.08%
Cap Rate
0.8
DSCR
$2,122
Rent
-$338
Cashflow
Cash Flow
$2,122 income − $2,460 expenses = $338 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,122
Total Expenses
$2,460
Mortgage P&I
56%
$1,185
Property Taxes
27%
$566
Home Insurance
4%
$79
HOA
4%
$79
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0