This property looks like a bad Mid-Term investment with a projected -4.56% first-year return on $65,250 initial cash invested.
-4.56%
Cash On Cash
5.85%
Cap Rate
0.86
DSCR
$1,784
Rent
-$248
Cashflow
Cash Flow
$1,784 income − $2,032 expenses = $248 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,784
Total Expenses
$2,032
Mortgage P&I
71%
$1,274
Property Taxes
4%
$73
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$54
Maintenance
4%
$71
Other
11%
$196