This property looks like a bad Mid-Term investment with a projected -9.69% first-year return on $96,750 initial cash invested.
-9.69%
Cash On Cash
4.04%
Cap Rate
0.64
DSCR
$2,120
Rent
-$781
Cashflow
Cash Flow
$2,120 income − $2,901 expenses = $781 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,120
Total Expenses
$2,901
Mortgage P&I
92%
$1,957
Property Taxes
4%
$92
Home Insurance
6%
$131
HOA
0%
$0
Property Management
12%
$254
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$233