This property looks like a bad Mid-Term investment with a projected -2.41% first-year return on $96,750 initial cash invested.
-2.41%
Cash On Cash
6.47%
Cap Rate
0.97
DSCR
$3,459
Rent
-$194
Cashflow
Cash Flow
$3,459 income − $3,653 expenses = $194 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,459
Total Expenses
$3,653
Mortgage P&I
60%
$2,078
Property Taxes
8%
$263
Home Insurance
4%
$131
HOA
0%
$6
Property Management
12%
$415
CapEx
4%
$138
Vacancy
3%
$104
Maintenance
4%
$138
Other
11%
$380