This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $68,400 initial cash invested.
-3.26%
Cash On Cash
6.26%
Cap Rate
0.93
DSCR
$2,388
Rent
-$186
Cashflow
Cash Flow
$2,388 income − $2,574 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$2,388
Total Expenses
$2,574
Mortgage P&I
56%
$1,342
Property Taxes
14%
$334
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$287
CapEx
4%
$96
Vacancy
3%
$72
Maintenance
4%
$96
Other
11%
$263