This property looks like a bad Mid-Term investment with a projected -4.54% first-year return on $96,750 initial cash invested.
-4.54%
Cash On Cash
5.88%
Cap Rate
0.89
DSCR
$3,435
Rent
-$366
Cashflow
Cash Flow
$3,435 income − $3,801 expenses = $366 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,435
Total Expenses
$3,801
Mortgage P&I
60%
$2,067
Property Taxes
13%
$436
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$412
CapEx
4%
$137
Vacancy
3%
$103
Maintenance
4%
$137
Other
11%
$378