This property looks like a bad Mid-Term investment with a projected -10.49% first-year return on $96,750 initial cash invested.
-10.49%
Cash On Cash
3.81%
Cap Rate
0.62
DSCR
$2,528
Rent
-$846
Cashflow
Cash Flow
$2,528 income − $3,374 expenses = $846 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,528
Total Expenses
$3,374
Mortgage P&I
77%
$1,937
Property Taxes
17%
$442
Home Insurance
5%
$136
HOA
0%
$0
Property Management
12%
$303
CapEx
4%
$101
Vacancy
3%
$76
Maintenance
4%
$101
Other
11%
$278