This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $96,687 initial cash invested.
-4.6%
Cash On Cash
5.68%
Cap Rate
0.88
DSCR
$3,255
Rent
-$371
Cashflow
Cash Flow
$3,255 income − $3,626 expenses = $371 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,255
Total Expenses
$3,626
Mortgage P&I
62%
$2,016
Property Taxes
7%
$238
Home Insurance
4%
$122
HOA
4%
$143
Property Management
12%
$391
CapEx
4%
$130
Vacancy
3%
$98
Maintenance
4%
$130
Other
11%
$358