This property looks like a bad Mid-Term investment with a projected -4.01% first-year return on $96,729 initial cash invested.
-4.01%
Cash On Cash
5.77%
Cap Rate
0.9
DSCR
$2,814
Rent
-$323
Cashflow
Cash Flow
$2,814 income − $3,137 expenses = $323 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,814
Total Expenses
$3,137
Mortgage P&I
72%
$2,014
Property Taxes
1%
$34
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$338
CapEx
4%
$113
Vacancy
3%
$84
Maintenance
4%
$113
Other
11%
$310