This property looks like a bad Mid-Term investment with a projected -6.93% first-year return on $96,750 initial cash invested.
-6.93%
Cash On Cash
5.15%
Cap Rate
0.78
DSCR
$2,632
Rent
-$559
Cashflow
Cash Flow
$2,632 income − $3,191 expenses = $559 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
$2,632
Total Expenses
$3,191
Mortgage P&I
78%
$2,062
Property Taxes
4%
$103
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$316
CapEx
4%
$105
Vacancy
3%
$79
Maintenance
4%
$105
Other
11%
$290