This property looks like a bad Long-Term investment with a projected -4.32% first-year return on $47,240 initial cash invested.
-4.32%
Cash On Cash
6.16%
Cap Rate
0.93
DSCR
$1,613
Rent
-$170
Cashflow
Cash Flow
$1,613 income − $1,783 expenses = $170 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,240
Downpayment
20%
$44,990
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,613
Total Expenses
$1,783
Mortgage P&I
77%
$1,243
Property Taxes
1%
$24
Home Insurance
5%
$79
HOA
1%
$17
Property Management
10%
$161
CapEx
5%
$81
Vacancy
6%
$97
Maintenance
5%
$81
Other
0%
$0