This property looks like a bad Mid-Term investment with a projected -1.61% first-year return on $96,750 initial cash invested.
-1.61%
Cash On Cash
6.56%
Cap Rate
1.01
DSCR
$3,825
Rent
-$130
Cashflow
Cash Flow
$3,825 income − $3,955 expenses = $130 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
$3,825
Total Expenses
$3,955
Mortgage P&I
53%
$2,026
Property Taxes
13%
$497
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$459
CapEx
4%
$153
Vacancy
3%
$115
Maintenance
4%
$153
Other
11%
$421