This property looks like a bad Long-Term investment with a projected -12.75% first-year return on $47,229 initial cash invested.
-12.75%
Cash On Cash
4.42%
Cap Rate
0.66
DSCR
$1,672
Rent
-$502
Cashflow
Cash Flow
$1,672 income − $2,174 expenses = $502 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,229
Downpayment
20%
$44,980
Closing costs
1%
$2,249
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,672
Total Expenses
$2,174
Mortgage P&I
75%
$1,246
Property Taxes
26%
$429
Home Insurance
4%
$64
HOA
0%
$0
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0