This property looks like a bad Mid-Term investment with a projected -6.35% first-year return on $96,750 initial cash invested.
-6.35%
Cash On Cash
5.21%
Cap Rate
0.81
DSCR
$2,942
Rent
-$512
Cashflow
Cash Flow
$2,942 income − $3,454 expenses = $512 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,942
Total Expenses
$3,454
Mortgage P&I
69%
$2,021
Property Taxes
10%
$301
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$353
CapEx
4%
$118
Vacancy
3%
$88
Maintenance
4%
$118
Other
11%
$324