This property looks like a bad Long-Term investment with a projected -1.37% first-year return on $47,250 initial cash invested.
-1.37%
Cash On Cash
6.88%
Cap Rate
1.04
DSCR
$2,012
Rent
-$54
Cashflow
Cash Flow
$2,012 income − $2,066 expenses = $54 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,012
Total Expenses
$2,066
Mortgage P&I
62%
$1,243
Property Taxes
11%
$220
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0