This property looks like a bad Mid-Term investment with a projected -0.42% first-year return on $68,295 initial cash invested.
-0.42%
Cash On Cash
7.08%
Cap Rate
1.05
DSCR
$2,356
Rent
-$24
Cashflow
Cash Flow
$2,356 income − $2,380 expenses = $24 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
$2,356
Total Expenses
$2,380
Mortgage P&I
57%
$1,343
Property Taxes
6%
$148
Home Insurance
4%
$88
HOA
0%
$0
Property Management
12%
$283
CapEx
4%
$94
Vacancy
3%
$71
Maintenance
4%
$94
Other
11%
$259