This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $96,645 initial cash invested.
-6.25%
Cash On Cash
5.52%
Cap Rate
0.82
DSCR
$3,351
Rent
-$503
Cashflow
Cash Flow
$3,351 income − $3,854 expenses = $503 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,645
Downpayment
20%
$74,900
Closing costs
1%
$3,745
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,351
Total Expenses
$3,854
Mortgage P&I
62%
$2,093
Property Taxes
13%
$450
Home Insurance
4%
$131
HOA
1%
$40
Property Management
12%
$402
CapEx
4%
$134
Vacancy
3%
$101
Maintenance
4%
$134
Other
11%
$369