This property looks like a bad Mid-Term investment with a projected -1.34% first-year return on $96,687 initial cash invested.
-1.34%
Cash On Cash
6.6%
Cap Rate
1.01
DSCR
$3,424
Rent
-$108
Cashflow
Cash Flow
$3,424 income − $3,532 expenses = $108 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,687
Downpayment
20%
$74,940
Closing costs
1%
$3,747
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,424
Total Expenses
$3,532
Mortgage P&I
59%
$2,033
Property Taxes
6%
$212
Home Insurance
4%
$122
HOA
0%
$0
Property Management
12%
$411
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$377