This property looks like a bad Mid-Term investment with a projected -8.76% first-year return on $96,750 initial cash invested.
-8.76%
Cash On Cash
4.62%
Cap Rate
0.7
DSCR
$2,464
Rent
-$706
Cashflow
Cash Flow
$2,464 income − $3,170 expenses = $706 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
$2,464
Total Expenses
$3,170
Mortgage P&I
83%
$2,050
Property Taxes
6%
$150
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$296
CapEx
4%
$99
Vacancy
3%
$74
Maintenance
4%
$99
Other
11%
$271