This property looks like a bad Mid-Term investment with a projected -6.57% first-year return on $96,750 initial cash invested.
-6.57%
Cash On Cash
4.85%
Cap Rate
0.79
DSCR
$3,045
Rent
-$530
Cashflow
Cash Flow
$3,045 income − $3,575 expenses = $530 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,045
Total Expenses
$3,575
Mortgage P&I
63%
$1,923
Property Taxes
16%
$486
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$365
CapEx
4%
$122
Vacancy
3%
$91
Maintenance
4%
$122
Other
11%
$335