This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $65,229 initial cash invested.
-2.52%
Cash On Cash
6.46%
Cap Rate
0.96
DSCR
$2,250
Rent
-$137
Cashflow
Cash Flow
$2,250 income − $2,387 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,250
Total Expenses
$2,387
Mortgage P&I
56%
$1,258
Property Taxes
13%
$284
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$270
CapEx
4%
$90
Vacancy
3%
$68
Maintenance
4%
$90
Other
11%
$248