This property looks like a bad Mid-Term investment with a projected -1.13% first-year return on $96,750 initial cash invested.
-1.13%
Cash On Cash
6.76%
Cap Rate
1.03
DSCR
$3,780
Rent
-$91
Cashflow
Cash Flow
$3,780 income − $3,871 expenses = $91 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
$3,780
Total Expenses
$3,871
Mortgage P&I
54%
$2,053
Property Taxes
11%
$402
Home Insurance
3%
$131
HOA
0%
$0
Property Management
12%
$454
CapEx
4%
$151
Vacancy
3%
$113
Maintenance
4%
$151
Other
11%
$416