This property looks like a bad Mid-Term investment with a projected -5.43% first-year return on $96,645 initial cash invested.
-5.43%
Cash On Cash
5.75%
Cap Rate
0.86
DSCR
$3,654
Rent
-$437
Cashflow
Cash Flow
$3,654 income − $4,091 expenses = $437 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,645
Downpayment
20%
$74,900
Closing costs
1%
$3,745
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,654
Total Expenses
$4,091
Mortgage P&I
57%
$2,087
Property Taxes
17%
$615
Home Insurance
4%
$147
HOA
0%
$0
Property Management
12%
$438
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402