This property looks like a bad Mid-Term investment with a projected -1.87% first-year return on $96,750 initial cash invested.
-1.87%
Cash On Cash
6.08%
Cap Rate
0.98
DSCR
$2,910
Rent
-$151
Cashflow
Cash Flow
$2,910 income − $3,061 expenses = $151 out of pocket
Investment Breakdown
|
Purchase Price
$375k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,910
Total Expenses
$3,061
Mortgage P&I
67%
$1,936
Property Taxes
0%
$6
Home Insurance
5%
$131
HOA
0%
$0
Property Management
12%
$349
CapEx
4%
$116
Vacancy
3%
$87
Maintenance
4%
$116
Other
11%
$320