This property looks like a bad Long-Term investment with a projected -6.65% first-year return on $47,250 initial cash invested.
-6.65%
Cash On Cash
5.85%
Cap Rate
0.87
DSCR
$1,983
Rent
-$262
Cashflow
Cash Flow
$1,983 income − $2,245 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,983
Total Expenses
$2,245
Mortgage P&I
64%
$1,260
Property Taxes
20%
$391
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0