This property looks like a bad Mid-Term investment with a projected -1.25% first-year return on $96,750 initial cash invested.
-1.25%
Cash On Cash
6.75%
Cap Rate
1.02
DSCR
$3,574
Rent
-$101
Cashflow
Cash Flow
$3,574 income − $3,675 expenses = $101 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
$3,574
Total Expenses
$3,675
Mortgage P&I
58%
$2,068
Property Taxes
7%
$261
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$429
CapEx
4%
$143
Vacancy
3%
$107
Maintenance
4%
$143
Other
11%
$393