This property looks like a bad Mid-Term investment with a projected -4.49% first-year return on $65,250 initial cash invested.
-4.49%
Cash On Cash
5.93%
Cap Rate
0.87
DSCR
$2,034
Rent
-$244
Cashflow
Cash Flow
$2,034 income − $2,278 expenses = $244 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
$2,034
Total Expenses
$2,278
Mortgage P&I
63%
$1,274
Property Taxes
12%
$234
Home Insurance
4%
$79
HOA
0%
$0
Property Management
12%
$244
CapEx
4%
$81
Vacancy
3%
$61
Maintenance
4%
$81
Other
11%
$224