This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $68,379 initial cash invested.
-1.3%
Cash On Cash
6.45%
Cap Rate
1.01
DSCR
$2,168
Rent
-$74
Cashflow
Cash Flow
$2,168 income − $2,242 expenses = $74 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,168
Total Expenses
$2,242
Mortgage P&I
59%
$1,277
Property Taxes
7%
$144
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$260
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$238