This property looks like a bad Mid-Term investment with a projected -2.2% first-year return on $96,645 initial cash invested.
-2.2%
Cash On Cash
6.17%
Cap Rate
0.98
DSCR
$3,312
Rent
-$177
Cashflow
Cash Flow
$3,312 income − $3,489 expenses = $177 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,312
Total Expenses
$3,489
Mortgage P&I
59%
$1,970
Property Taxes
8%
$264
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$397
CapEx
4%
$132
Vacancy
3%
$99
Maintenance
4%
$132
Other
11%
$364