This property looks like a bad Mid-Term investment with a projected -2.52% first-year return on $65,250 initial cash invested.
-2.52%
Cash On Cash
6.47%
Cap Rate
0.96
DSCR
$2,090
Rent
-$137
Cashflow
Cash Flow
$2,090 income − $2,227 expenses = $137 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$65,250
Downpayment
20%
$45,000
Closing costs
1%
$2,250
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,090
Total Expenses
$2,227
Mortgage P&I
61%
$1,267
Property Taxes
8%
$169
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$251
CapEx
4%
$84
Vacancy
3%
$63
Maintenance
4%
$84
Other
11%
$230