This property looks like a bad Mid-Term investment with a projected -7.33% first-year return on $96,729 initial cash invested.
-7.33%
Cash On Cash
4.85%
Cap Rate
0.76
DSCR
$2,662
Rent
-$591
Cashflow
Cash Flow
$2,662 income − $3,253 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$96,729
Downpayment
20%
$74,980
Closing costs
1%
$3,749
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$2,662
Total Expenses
$3,253
Mortgage P&I
75%
$1,999
Property Taxes
8%
$219
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$319
CapEx
4%
$106
Vacancy
3%
$80
Maintenance
4%
$106
Other
11%
$293