This property looks like a bad Long-Term investment with a projected -0.61% first-year return on $47,229 initial cash invested.
-0.61%
Cash On Cash
6.6%
Cap Rate
1.06
DSCR
$1,881
Rent
-$24
Cashflow
Cash Flow
$1,881 income − $1,905 expenses = $24 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,881
Total Expenses
$1,905
Mortgage P&I
62%
$1,167
Property Taxes
9%
$170
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0