This property looks like a bad Mid-Term investment with a projected -3.85% first-year return on $68,484 initial cash invested.
-3.85%
Cash On Cash
5.64%
Cap Rate
0.89
DSCR
$1,910
Rent
-$220
Cashflow
Cash Flow
$1,910 income − $2,130 expenses = $220 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,910
Total Expenses
$2,130
Mortgage P&I
67%
$1,273
Property Taxes
6%
$124
Home Insurance
4%
$85
HOA
0%
$0
Property Management
12%
$229
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$210