This property looks like a bad Mid-Term investment with a projected -0.53% first-year return on $65,250 initial cash invested.
-0.53%
Cash On Cash
7.07%
Cap Rate
1.05
DSCR
$2,278
Rent
-$29
Cashflow
Cash Flow
$2,278 income − $2,307 expenses = $29 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,278
Total Expenses
$2,307
Mortgage P&I
55%
$1,263
Property Taxes
8%
$191
Home Insurance
3%
$79
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251