This property looks like a bad Mid-Term investment with a projected -2.38% first-year return on $96,750 initial cash invested.
-2.38%
Cash On Cash
6.37%
Cap Rate
0.97
DSCR
$3,447
Rent
-$192
Cashflow
Cash Flow
$3,447 income − $3,639 expenses = $192 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
$3,447
Total Expenses
$3,639
Mortgage P&I
59%
$2,046
Property Taxes
5%
$165
Home Insurance
4%
$131
HOA
4%
$125
Property Management
12%
$414
CapEx
4%
$138
Vacancy
3%
$103
Maintenance
4%
$138
Other
11%
$379