This property looks like a bad Long-Term investment with a projected -2.24% first-year return on $47,145 initial cash invested.
-2.24%
Cash On Cash
6.44%
Cap Rate
1
DSCR
$1,665
Rent
-$88
Cashflow
Cash Flow
$1,665 income − $1,753 expenses = $88 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,145
Downpayment
20%
$44,900
Closing costs
1%
$2,245
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,665
Total Expenses
$1,753
Mortgage P&I
73%
$1,210
Property Taxes
1%
$24
Home Insurance
5%
$87
HOA
0%
$0
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0