This property looks like a bad Mid-Term investment with a projected -3.32% first-year return on $68,379 initial cash invested.
-3.32%
Cash On Cash
6.22%
Cap Rate
0.92
DSCR
$2,136
Rent
-$189
Cashflow
Cash Flow
$2,136 income − $2,325 expenses = $189 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,136
Total Expenses
$2,325
Mortgage P&I
63%
$1,347
Property Taxes
8%
$169
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$256
CapEx
4%
$85
Vacancy
3%
$64
Maintenance
4%
$85
Other
11%
$235