This property looks like a bad Mid-Term investment with a projected -2.02% first-year return on $96,729 initial cash invested.
-2.02%
Cash On Cash
6.59%
Cap Rate
0.99
DSCR
$3,454
Rent
-$163
Cashflow
Cash Flow
$3,454 income − $3,617 expenses = $163 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,454
Total Expenses
$3,617
Mortgage P&I
60%
$2,084
Property Taxes
1%
$48
Home Insurance
4%
$131
HOA
5%
$180
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380