This property looks like a bad Mid-Term investment with a projected -2.49% first-year return on $68,421 initial cash invested.
-2.49%
Cash On Cash
6.52%
Cap Rate
0.98
DSCR
$2,810
Rent
-$142
Cashflow
Cash Flow
$2,810 income − $2,952 expenses = $142 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,810
Total Expenses
$2,952
Mortgage P&I
47%
$1,334
Property Taxes
20%
$563
Home Insurance
4%
$101
HOA
0%
$0
Property Management
12%
$337
CapEx
4%
$112
Vacancy
3%
$84
Maintenance
4%
$112
Other
11%
$309