This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $68,295 initial cash invested.
-7.4%
Cash On Cash
4.97%
Cap Rate
0.74
DSCR
$1,812
Rent
-$421
Cashflow
Cash Flow
$1,812 income − $2,233 expenses = $421 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$1,812
Total Expenses
$2,233
Mortgage P&I
74%
$1,340
Property Taxes
11%
$195
Home Insurance
5%
$84
HOA
0%
$0
Property Management
12%
$217
CapEx
4%
$72
Vacancy
3%
$54
Maintenance
4%
$72
Other
11%
$199