This property looks like a bad Mid-Term investment with a projected -1.98% first-year return on $68,400 initial cash invested.
-1.98%
Cash On Cash
6.6%
Cap Rate
1
DSCR
$2,764
Rent
-$113
Cashflow
Cash Flow
$2,764 income − $2,877 expenses = $113 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
$2,764
Total Expenses
$2,877
Mortgage P&I
48%
$1,321
Property Taxes
18%
$506
Home Insurance
3%
$84
HOA
1%
$25
Property Management
12%
$332
CapEx
4%
$111
Vacancy
3%
$83
Maintenance
4%
$111
Other
11%
$304