This property looks like a bad Mid-Term investment with a projected -2.09% first-year return on $68,379 initial cash invested.
-2.09%
Cash On Cash
6.31%
Cap Rate
0.98
DSCR
$2,282
Rent
-$119
Cashflow
Cash Flow
$2,282 income − $2,401 expenses = $119 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,282
Total Expenses
$2,401
Mortgage P&I
57%
$1,290
Property Taxes
11%
$252
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$274
CapEx
4%
$91
Vacancy
3%
$68
Maintenance
4%
$91
Other
11%
$251