This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $47,250 initial cash invested.
-3.53%
Cash On Cash
6.31%
Cap Rate
0.96
DSCR
$1,677
Rent
-$139
Cashflow
Cash Flow
$1,677 income − $1,816 expenses = $139 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,677
Total Expenses
$1,816
Mortgage P&I
74%
$1,238
Property Taxes
4%
$62
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0