This property looks like a bad Long-Term investment with a projected -3.58% first-year return on $47,313 initial cash invested.
-3.58%
Cash On Cash
6.22%
Cap Rate
0.96
DSCR
$1,895
Rent
-$141
Cashflow
Cash Flow
$1,895 income − $2,036 expenses = $141 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,313
Downpayment
20%
$45,060
Closing costs
1%
$2,253
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,895
Total Expenses
$2,036
Mortgage P&I
64%
$1,214
Property Taxes
6%
$123
Home Insurance
4%
$82
HOA
6%
$123
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0