This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $96,750 initial cash invested.
-2.57%
Cash On Cash
6.33%
Cap Rate
0.96
DSCR
$3,340
Rent
-$207
Cashflow
Cash Flow
$3,340 income − $3,547 expenses = $207 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
$3,340
Total Expenses
$3,547
Mortgage P&I
61%
$2,051
Property Taxes
7%
$227
Home Insurance
4%
$131
HOA
0%
$2
Property Management
12%
$401
CapEx
4%
$134
Vacancy
3%
$100
Maintenance
4%
$134
Other
11%
$367