This property looks like a bad Long-Term investment with a projected -4.04% first-year return on $47,229 initial cash invested.
-4.04%
Cash On Cash
6%
Cap Rate
0.94
DSCR
$1,707
Rent
-$159
Cashflow
Cash Flow
$1,707 income − $1,866 expenses = $159 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,707
Total Expenses
$1,866
Mortgage P&I
70%
$1,199
Property Taxes
8%
$145
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0