This property looks like a bad Mid-Term investment with a projected -4.46% first-year return on $68,379 initial cash invested.
-4.46%
Cash On Cash
5.41%
Cap Rate
0.85
DSCR
$1,726
Rent
-$254
Cashflow
Cash Flow
$1,726 income − $1,980 expenses = $254 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,726
Total Expenses
$1,980
Mortgage P&I
73%
$1,266
Property Taxes
2%
$43
Home Insurance
5%
$84
HOA
0%
$0
Property Management
12%
$207
CapEx
4%
$69
Vacancy
3%
$52
Maintenance
4%
$69
Other
11%
$190