This property looks like a bad Long-Term investment with a projected -1.63% first-year return on $47,250 initial cash invested.
-1.63%
Cash On Cash
6.61%
Cap Rate
1.02
DSCR
$1,753
Rent
-$64
Cashflow
Cash Flow
$1,753 income − $1,817 expenses = $64 out of pocket
Investment Breakdown
|
Purchase Price
$225k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,753
Total Expenses
$1,817
Mortgage P&I
69%
$1,216
Property Taxes
4%
$66
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$175
CapEx
5%
$88
Vacancy
6%
$105
Maintenance
5%
$88
Other
0%
$0