This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $96,750 initial cash invested.
-4.51%
Cash On Cash
5.8%
Cap Rate
0.89
DSCR
$3,376
Rent
-$364
Cashflow
Cash Flow
$3,376 income − $3,740 expenses = $364 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,376
Total Expenses
$3,740
Mortgage P&I
60%
$2,042
Property Taxes
12%
$420
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$405
CapEx
4%
$135
Vacancy
3%
$101
Maintenance
4%
$135
Other
11%
$371