This property looks like a bad Mid-Term investment with a projected -5.2% first-year return on $96,750 initial cash invested.
-5.2%
Cash On Cash
5.78%
Cap Rate
0.86
DSCR
$2,883
Rent
-$419
Cashflow
Cash Flow
$2,883 income − $3,302 expenses = $419 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,883
Total Expenses
$3,302
Mortgage P&I
73%
$2,110
Property Taxes
3%
$82
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$346
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$317