This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $47,250 initial cash invested.
-16.2%
Cash On Cash
3.57%
Cap Rate
0.53
DSCR
$1,014
Rent
-$638
Cashflow
Cash Flow
$1,014 income − $1,652 expenses = $638 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,014
Total Expenses
$1,652
Mortgage P&I
124%
$1,256
Property Taxes
5%
$53
Home Insurance
8%
$79
HOA
0%
$0
Property Management
10%
$101
CapEx
5%
$51
Vacancy
6%
$61
Maintenance
5%
$51
Other
0%
$0