This property looks like a bad Mid-Term investment with a projected -2.83% first-year return on $96,750 initial cash invested.
-2.83%
Cash On Cash
6.36%
Cap Rate
0.96
DSCR
$3,620
Rent
-$228
Cashflow
Cash Flow
$3,620 income − $3,848 expenses = $228 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
7.4%
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
$3,620
Total Expenses
$3,848
Mortgage P&I
57%
$2,072
Property Taxes
11%
$414
Home Insurance
4%
$131
HOA
0%
$0
Property Management
12%
$434
CapEx
4%
$145
Vacancy
3%
$109
Maintenance
4%
$145
Other
11%
$398