This property looks like a bad Mid-Term investment with a projected -3.7% first-year return on $68,400 initial cash invested.
-3.7%
Cash On Cash
6.12%
Cap Rate
0.9
DSCR
$2,055
Rent
-$211
Cashflow
Cash Flow
$2,055 income − $2,266 expenses = $211 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,055
Total Expenses
$2,266
Mortgage P&I
66%
$1,353
Property Taxes
6%
$130
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$247
CapEx
4%
$82
Vacancy
3%
$62
Maintenance
4%
$82
Other
11%
$226