This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $96,834 initial cash invested.
-6.21%
Cash On Cash
5.18%
Cap Rate
0.81
DSCR
$3,129
Rent
-$501
Cashflow
Cash Flow
$3,129 income − $3,630 expenses = $501 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,834
Downpayment
20%
$75,080
Closing costs
1%
$3,754
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,129
Total Expenses
$3,630
Mortgage P&I
64%
$1,995
Property Taxes
13%
$415
Home Insurance
5%
$157
HOA
0%
$0
Property Management
12%
$375
CapEx
4%
$125
Vacancy
3%
$94
Maintenance
4%
$125
Other
11%
$344