This property looks like a bad Mid-Term investment with a projected -6.05% first-year return on $96,750 initial cash invested.
-6.05%
Cash On Cash
4.99%
Cap Rate
0.8
DSCR
$2,728
Rent
-$488
Cashflow
Cash Flow
$2,728 income − $3,216 expenses = $488 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,728
Total Expenses
$3,216
Mortgage P&I
71%
$1,937
Property Taxes
8%
$221
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300