This property looks like a bad Mid-Term investment with a projected -8.43% first-year return on $96,687 initial cash invested.
-8.43%
Cash On Cash
4.55%
Cap Rate
0.71
DSCR
$2,584
Rent
-$679
Cashflow
Cash Flow
$2,584 income − $3,263 expenses = $679 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,584
Total Expenses
$3,263
Mortgage P&I
77%
$1,996
Property Taxes
11%
$284
Home Insurance
4%
$105
HOA
0%
$0
Property Management
12%
$310
CapEx
4%
$103
Vacancy
3%
$78
Maintenance
4%
$103
Other
11%
$284