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This property looks like a bad Mid-Term investment with a projected -2.19% first-year return on $68,400 initial cash invested.
-2.19%
Cash On Cash
6.2%
Cap Rate
0.99
DSCR
$2,866
Rent
-$125
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,866 income − $2,991 expenses = $125 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,866
Total Expenses
$2,991
Mortgage P&I
44%
$1,250
Property Taxes
22%
$617
Home Insurance
3%
$84
HOA
2%
$65
Property Management
12%
$344
CapEx
4%
$115
Vacancy
3%
$86
Maintenance
4%
$115
Other
11%
$315