This property looks like a bad Long-Term investment with a projected -4.5% first-year return on $47,229 initial cash invested.
-4.5%
Cash On Cash
6.37%
Cap Rate
0.95
DSCR
$2,214
Rent
-$177
Cashflow
Cash Flow
$2,214 income − $2,391 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,214
Total Expenses
$2,391
Mortgage P&I
57%
$1,260
Property Taxes
21%
$475
Home Insurance
4%
$80
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0