This property looks like a bad Mid-Term investment with a projected -7.7% first-year return on $68,295 initial cash invested.
-7.7%
Cash On Cash
4.79%
Cap Rate
0.72
DSCR
$1,785
Rent
-$438
Cashflow
Cash Flow
$1,785 income − $2,223 expenses = $438 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,785
Total Expenses
$2,223
Mortgage P&I
74%
$1,323
Property Taxes
12%
$210
Home Insurance
5%
$84
HOA
0%
$0
Property Management
12%
$214
CapEx
4%
$71
Vacancy
3%
$54
Maintenance
4%
$71
Other
11%
$196