This property looks like a bad Mid-Term investment with a projected -3.89% first-year return on $96,750 initial cash invested.
-3.89%
Cash On Cash
6.04%
Cap Rate
0.91
DSCR
$3,321
Rent
-$314
Cashflow
Cash Flow
$3,321 income − $3,635 expenses = $314 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
$3,321
Total Expenses
$3,635
Mortgage P&I
62%
$2,067
Property Taxes
9%
$303
Home Insurance
4%
$135
HOA
0%
$0
Property Management
12%
$399
CapEx
4%
$133
Vacancy
3%
$100
Maintenance
4%
$133
Other
11%
$365