This property looks like a bad Mid-Term investment with a projected -4.44% first-year return on $96,750 initial cash invested.
-4.44%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$2,720
Rent
-$358
Cashflow
Cash Flow
$2,720 income − $3,078 expenses = $358 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,720
Total Expenses
$3,078
Mortgage P&I
70%
$1,909
Property Taxes
4%
$113
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$326
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$299