This property looks like a bad Long-Term investment with a projected -7.8% first-year return on $47,229 initial cash invested.
-7.8%
Cash On Cash
5.42%
Cap Rate
0.82
DSCR
$1,588
Rent
-$307
Cashflow
Cash Flow
$1,588 income − $1,895 expenses = $307 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
$1,588
Total Expenses
$1,895
Mortgage P&I
78%
$1,243
Property Taxes
10%
$157
Home Insurance
5%
$79
HOA
0%
$4
Property Management
10%
$159
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0