This property looks like a bad Mid-Term investment with a projected -1.56% first-year return on $96,666 initial cash invested.
-1.56%
Cash On Cash
6.2%
Cap Rate
1.01
DSCR
$3,562
Rent
-$126
Cashflow
Cash Flow
$3,562 income − $3,688 expenses = $126 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,666
Downpayment
20%
$74,920
Closing costs
1%
$3,746
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,562
Total Expenses
$3,688
Mortgage P&I
54%
$1,919
Property Taxes
12%
$423
Home Insurance
4%
$136
HOA
0%
$0
Property Management
12%
$427
CapEx
4%
$142
Vacancy
3%
$107
Maintenance
4%
$142
Other
11%
$392