This property looks like a bad Mid-Term investment with a projected -7.34% first-year return on $96,750 initial cash invested.
-7.34%
Cash On Cash
4.69%
Cap Rate
0.75
DSCR
$2,374
Rent
-$592
Cashflow
Cash Flow
$2,374 income − $2,966 expenses = $592 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,374
Total Expenses
$2,966
Mortgage P&I
83%
$1,963
Property Taxes
3%
$65
Home Insurance
6%
$131
HOA
0%
$0
Property Management
12%
$285
CapEx
4%
$95
Vacancy
3%
$71
Maintenance
4%
$95
Other
11%
$261