This property looks like a bad Mid-Term investment with a projected -4.63% first-year return on $68,379 initial cash invested.
-4.63%
Cash On Cash
5.81%
Cap Rate
0.86
DSCR
$1,934
Rent
-$264
Cashflow
Cash Flow
$1,934 income − $2,198 expenses = $264 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
$1,934
Total Expenses
$2,198
Mortgage P&I
70%
$1,349
Property Taxes
6%
$108
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213