This property looks like a bad Mid-Term investment with a projected -3.68% first-year return on $65,250 initial cash invested.
-3.68%
Cash On Cash
5.94%
Cap Rate
0.9
DSCR
$1,782
Rent
-$200
Cashflow
Cash Flow
$1,782 income − $1,982 expenses = $200 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,782
Total Expenses
$1,982
Mortgage P&I
70%
$1,243
Property Taxes
3%
$55
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$53
Maintenance
4%
$71
Other
11%
$196