This property looks like a bad Mid-Term investment with a projected -12.39% first-year return on $68,400 initial cash invested.
-12.39%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$2,457
Rent
-$706
Cashflow
Cash Flow
$2,457 income − $3,163 expenses = $706 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,457
Total Expenses
$3,163
Mortgage P&I
54%
$1,318
Property Taxes
38%
$926
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$270