This property looks like a bad Mid-Term investment with a projected -8.27% first-year return on $96,750 initial cash invested.
-8.27%
Cash On Cash
4.43%
Cap Rate
0.72
DSCR
$3,494
Rent
-$667
Cashflow
Cash Flow
$3,494 income − $4,161 expenses = $667 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
$3,494
Total Expenses
$4,161
Mortgage P&I
55%
$1,912
Property Taxes
27%
$930
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$419
CapEx
4%
$140
Vacancy
3%
$105
Maintenance
4%
$140
Other
11%
$384