This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $96,750 initial cash invested.
-1.98%
Cash On Cash
6.5%
Cap Rate
0.99
DSCR
$3,266
Rent
-$160
Cashflow
Cash Flow
$3,266 income − $3,426 expenses = $160 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,266
Total Expenses
$3,426
Mortgage P&I
63%
$2,060
Property Taxes
4%
$124
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$392
CapEx
4%
$131
Vacancy
3%
$98
Maintenance
4%
$131
Other
11%
$359