This property looks like a bad Mid-Term investment with a projected -8.13% first-year return on $96,708 initial cash invested.
-8.13%
Cash On Cash
4.83%
Cap Rate
0.74
DSCR
$2,823
Rent
-$655
Cashflow
Cash Flow
$2,823 income − $3,478 expenses = $655 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,708
Downpayment
20%
$74,960
Closing costs
1%
$3,748
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,823
Total Expenses
$3,478
Mortgage P&I
73%
$2,052
Property Taxes
12%
$334
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$339
CapEx
4%
$113
Vacancy
3%
$85
Maintenance
4%
$113
Other
11%
$311