This property looks like a bad Mid-Term investment with a projected -7.3% first-year return on $96,708 initial cash invested.
-7.3%
Cash On Cash
4.56%
Cap Rate
0.75
DSCR
$2,794
Rent
-$588
Cashflow
Cash Flow
$2,794 income − $3,382 expenses = $588 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,708
Downpayment
20%
$74,960
Closing costs
1%
$3,748
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,794
Total Expenses
$3,382
Mortgage P&I
68%
$1,901
Property Taxes
14%
$400
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$335
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$307