This property looks like a bad Mid-Term investment with a projected -5.49% first-year return on $96,750 initial cash invested.
-5.49%
Cash On Cash
5.33%
Cap Rate
0.83
DSCR
$2,654
Rent
-$443
Cashflow
Cash Flow
$2,654 income − $3,097 expenses = $443 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,654
Total Expenses
$3,097
Mortgage P&I
75%
$2,002
Property Taxes
2%
$62
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$318
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$292