This property looks like a bad Mid-Term investment with a projected -0.09% first-year return on $68,400 initial cash invested.
-0.09%
Cash On Cash
6.9%
Cap Rate
1.07
DSCR
$2,272
Rent
-$5
Cashflow
Cash Flow
$2,272 income − $2,277 expenses = $5 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,272
Total Expenses
$2,277
Mortgage P&I
57%
$1,294
Property Taxes
6%
$126
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$273
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$250