This property looks like a bad Mid-Term investment with a projected -10.5% first-year return on $65,229 initial cash invested.
-10.5%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$1,272
Rent
-$571
Cashflow
Cash Flow
$1,272 income − $1,843 expenses = $571 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,272
Total Expenses
$1,843
Mortgage P&I
95%
$1,213
Property Taxes
9%
$118
Home Insurance
6%
$79
HOA
0%
$0
Property Management
12%
$153
CapEx
4%
$51
Vacancy
3%
$38
Maintenance
4%
$51
Other
11%
$140