This property looks like a bad Mid-Term investment with a projected -1.31% first-year return on $96,750 initial cash invested.
-1.31%
Cash On Cash
6.64%
Cap Rate
1.02
DSCR
$3,678
Rent
-$106
Cashflow
Cash Flow
$3,678 income − $3,784 expenses = $106 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,750
Downpayment
20%
$75,000
Closing costs
1%
$3,750
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,678
Total Expenses
$3,784
Mortgage P&I
55%
$2,035
Property Taxes
10%
$368
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$441
CapEx
4%
$147
Vacancy
3%
$110
Maintenance
4%
$147
Other
11%
$405