This property looks like a bad Mid-Term investment with a projected -7.89% first-year return on $96,750 initial cash invested.
-7.89%
Cash On Cash
4.84%
Cap Rate
0.74
DSCR
$2,664
Rent
-$636
Cashflow
Cash Flow
$2,664 income − $3,300 expenses = $636 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
$2,664
Total Expenses
$3,300
Mortgage P&I
77%
$2,040
Property Taxes
8%
$222
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$320
CapEx
4%
$107
Vacancy
3%
$80
Maintenance
4%
$107
Other
11%
$293