This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $47,229 initial cash invested.
-12.98%
Cash On Cash
4.39%
Cap Rate
0.65
DSCR
$1,500
Rent
-$511
Cashflow
Cash Flow
$1,500 income − $2,011 expenses = $511 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
$1,500
Total Expenses
$2,011
Mortgage P&I
84%
$1,258
Property Taxes
19%
$284
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0