This property looks like a bad Mid-Term investment with a projected -0.79% first-year return on $68,400 initial cash invested.
-0.79%
Cash On Cash
6.87%
Cap Rate
1.04
DSCR
$2,460
Rent
-$45
Cashflow
Cash Flow
$2,460 income − $2,505 expenses = $45 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,460
Total Expenses
$2,505
Mortgage P&I
54%
$1,321
Property Taxes
11%
$264
Home Insurance
3%
$84
HOA
0%
$0
Property Management
12%
$295
CapEx
4%
$98
Vacancy
3%
$74
Maintenance
4%
$98
Other
11%
$271