This property looks like a bad Long-Term investment with a projected -2.74% first-year return on $47,250 initial cash invested.
-2.74%
Cash On Cash
6.54%
Cap Rate
0.99
DSCR
$1,923
Rent
-$108
Cashflow
Cash Flow
$1,923 income − $2,031 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,923
Total Expenses
$2,031
Mortgage P&I
64%
$1,238
Property Taxes
11%
$215
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0