This property looks like a bad Mid-Term investment with a projected -7.14% first-year return on $65,250 initial cash invested.
-7.14%
Cash On Cash
4.94%
Cap Rate
0.74
DSCR
$1,526
Rent
-$388
Cashflow
Cash Flow
$1,526 income − $1,914 expenses = $388 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,526
Total Expenses
$1,914
Mortgage P&I
82%
$1,254
Property Taxes
4%
$62
Home Insurance
5%
$79
HOA
0%
$0
Property Management
12%
$183
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$168