This property looks like a bad Long-Term investment with a projected -1.7% first-year return on $47,250 initial cash invested.
-1.7%
Cash On Cash
6.83%
Cap Rate
1.03
DSCR
$2,165
Rent
-$67
Cashflow
Cash Flow
$2,165 income − $2,232 expenses = $67 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
$2,165
Total Expenses
$2,232
Mortgage P&I
57%
$1,240
Property Taxes
16%
$351
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$216
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0