This property looks like a bad Mid-Term investment with a projected -2.69% first-year return on $68,379 initial cash invested.
-2.69%
Cash On Cash
6.38%
Cap Rate
0.95
DSCR
$2,076
Rent
-$153
Cashflow
Cash Flow
$2,076 income − $2,229 expenses = $153 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,076
Total Expenses
$2,229
Mortgage P&I
65%
$1,346
Property Taxes
5%
$94
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$249
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$228