This property looks like a bad Long-Term investment with a projected -7.88% first-year return on $47,229 initial cash invested.
-7.88%
Cash On Cash
5.38%
Cap Rate
0.81
DSCR
$1,509
Rent
-$310
Cashflow
Cash Flow
$1,509 income − $1,819 expenses = $310 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,509
Total Expenses
$1,819
Mortgage P&I
82%
$1,243
Property Taxes
7%
$105
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$151
CapEx
5%
$75
Vacancy
6%
$91
Maintenance
5%
$75
Other
0%
$0