This property looks like a bad Mid-Term investment with a projected -3.09% first-year return on $96,750 initial cash invested.
-3.09%
Cash On Cash
5.84%
Cap Rate
0.95
DSCR
$3,852
Rent
-$249
Cashflow
Cash Flow
$3,852 income − $4,101 expenses = $249 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,852
Total Expenses
$4,101
Mortgage P&I
50%
$1,920
Property Taxes
18%
$701
Home Insurance
3%
$131
HOA
1%
$39
Property Management
12%
$462
CapEx
4%
$154
Vacancy
3%
$116
Maintenance
4%
$154
Other
11%
$424