This property looks like a bad Long-Term investment with a projected -12.62% first-year return on $47,250 initial cash invested.
-12.62%
Cash On Cash
4.29%
Cap Rate
0.65
DSCR
$1,188
Rent
-$497
Cashflow
Cash Flow
$1,188 income − $1,685 expenses = $497 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,188
Total Expenses
$1,685
Mortgage P&I
105%
$1,243
Property Taxes
5%
$55
Home Insurance
7%
$79
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$59
Vacancy
6%
$71
Maintenance
5%
$59
Other
0%
$0