This property looks like a bad Mid-Term investment with a projected -0.78% first-year return on $96,771 initial cash invested.
-0.78%
Cash On Cash
6.54%
Cap Rate
1.06
DSCR
$4,624
Rent
-$63
Cashflow
Cash Flow
$4,624 income − $4,687 expenses = $63 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,771
Downpayment
20%
$75,020
Closing costs
1%
$3,751
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$4,624
Total Expenses
$4,687
Mortgage P&I
42%
$1,923
Property Taxes
23%
$1,057
Home Insurance
3%
$134
HOA
0%
$0
Property Management
12%
$555
CapEx
4%
$185
Vacancy
3%
$139
Maintenance
4%
$185
Other
11%
$509