This property looks like a bad Long-Term investment with a projected -5.71% first-year return on $47,250 initial cash invested.
-5.71%
Cash On Cash
6.04%
Cap Rate
0.9
DSCR
$2,076
Rent
-$225
Cashflow
Cash Flow
$2,076 income − $2,301 expenses = $225 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,076
Total Expenses
$2,301
Mortgage P&I
60%
$1,254
Property Taxes
21%
$427
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$125
Maintenance
5%
$104
Other
0%
$0