This property looks like a bad Mid-Term investment with a projected -10.03% first-year return on $96,750 initial cash invested.
-10.03%
Cash On Cash
4.3%
Cap Rate
0.66
DSCR
$2,848
Rent
-$809
Cashflow
Cash Flow
$2,848 income − $3,657 expenses = $809 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,848
Total Expenses
$3,657
Mortgage P&I
72%
$2,040
Property Taxes
18%
$518
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$342
CapEx
4%
$114
Vacancy
3%
$85
Maintenance
4%
$114
Other
11%
$313