This property looks like a bad Mid-Term investment with a projected -7.23% first-year return on $68,358 initial cash invested.
-7.23%
Cash On Cash
4.8%
Cap Rate
0.74
DSCR
$1,832
Rent
-$412
Cashflow
Cash Flow
$1,832 income − $2,244 expenses = $412 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,358
Downpayment
20%
$47,960
Closing costs
1%
$2,398
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,832
Total Expenses
$2,244
Mortgage P&I
71%
$1,299
Property Taxes
13%
$234
Home Insurance
5%
$88
HOA
0%
$0
Property Management
12%
$220
CapEx
4%
$73
Vacancy
3%
$55
Maintenance
4%
$73
Other
11%
$202