This property looks like a bad Mid-Term investment with a projected -5.64% first-year return on $96,750 initial cash invested.
-5.64%
Cash On Cash
5.09%
Cap Rate
0.82
DSCR
$2,589
Rent
-$455
Cashflow
Cash Flow
$2,589 income − $3,044 expenses = $455 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,589
Total Expenses
$3,044
Mortgage P&I
75%
$1,941
Property Taxes
3%
$90
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$311
CapEx
4%
$104
Vacancy
3%
$78
Maintenance
4%
$104
Other
11%
$285