This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $68,379 initial cash invested.
-2.39%
Cash On Cash
6.58%
Cap Rate
0.98
DSCR
$2,728
Rent
-$136
Cashflow
Cash Flow
$2,728 income − $2,864 expenses = $136 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,728
Total Expenses
$2,864
Mortgage P&I
49%
$1,343
Property Taxes
19%
$510
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$327
CapEx
4%
$109
Vacancy
3%
$82
Maintenance
4%
$109
Other
11%
$300