This property looks like a bad Long-Term investment with a projected -6.81% first-year return on $47,250 initial cash invested.
-6.81%
Cash On Cash
5.77%
Cap Rate
0.86
DSCR
$1,790
Rent
-$268
Cashflow
Cash Flow
$1,790 income − $2,058 expenses = $268 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
$1,790
Total Expenses
$2,058
Mortgage P&I
70%
$1,259
Property Taxes
14%
$254
Home Insurance
4%
$79
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$90
Vacancy
6%
$107
Maintenance
5%
$90
Other
0%
$0