This property looks like a bad Mid-Term investment with a projected -3.77% first-year return on $68,379 initial cash invested.
-3.77%
Cash On Cash
6.15%
Cap Rate
0.9
DSCR
$1,986
Rent
-$215
Cashflow
Cash Flow
$1,986 income − $2,201 expenses = $215 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,986
Total Expenses
$2,201
Mortgage P&I
69%
$1,366
Property Taxes
4%
$77
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$238
CapEx
4%
$79
Vacancy
3%
$60
Maintenance
4%
$79
Other
11%
$218