This property looks like a bad Mid-Term investment with a projected -7.08% first-year return on $65,250 initial cash invested.
-7.08%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$1,521
Rent
-$385
Cashflow
Cash Flow
$1,521 income − $1,906 expenses = $385 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
$1,521
Total Expenses
$1,906
Mortgage P&I
83%
$1,256
Property Taxes
3%
$53
Home Insurance
5%
$79
HOA
0%
$0
Property Management
12%
$183
CapEx
4%
$61
Vacancy
3%
$46
Maintenance
4%
$61
Other
11%
$167