This property looks like a bad Mid-Term investment with a projected -5.79% first-year return on $96,750 initial cash invested.
-5.79%
Cash On Cash
5.56%
Cap Rate
0.84
DSCR
$3,219
Rent
-$467
Cashflow
Cash Flow
$3,219 income − $3,686 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,219
Total Expenses
$3,686
Mortgage P&I
64%
$2,074
Property Taxes
12%
$386
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$386
CapEx
4%
$129
Vacancy
3%
$97
Maintenance
4%
$129
Other
11%
$354