This property looks like a bad Mid-Term investment with a projected -1.95% first-year return on $96,729 initial cash invested.
-1.95%
Cash On Cash
6.42%
Cap Rate
0.99
DSCR
$3,210
Rent
-$157
Cashflow
Cash Flow
$3,210 income − $3,367 expenses = $157 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,210
Total Expenses
$3,367
Mortgage P&I
63%
$2,035
Property Taxes
3%
$111
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$385
CapEx
4%
$128
Vacancy
3%
$96
Maintenance
4%
$128
Other
11%
$353