This property looks like a bad Mid-Term investment with a projected -3.46% first-year return on $68,379 initial cash invested.
-3.46%
Cash On Cash
6.05%
Cap Rate
0.91
DSCR
$1,989
Rent
-$197
Cashflow
Cash Flow
$1,989 income − $2,186 expenses = $197 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,989
Total Expenses
$2,186
Mortgage P&I
67%
$1,326
Property Taxes
5%
$98
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$239
CapEx
4%
$80
Vacancy
3%
$60
Maintenance
4%
$80
Other
11%
$219