This property looks like a bad Mid-Term investment with a projected -0.18% first-year return on $68,379 initial cash invested.
-0.18%
Cash On Cash
6.72%
Cap Rate
1.06
DSCR
$2,202
Rent
-$10
Cashflow
Cash Flow
$2,202 income − $2,212 expenses = $10 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,202
Total Expenses
$2,212
Mortgage P&I
57%
$1,266
Property Taxes
5%
$114
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$264
CapEx
4%
$88
Vacancy
3%
$66
Maintenance
4%
$88
Other
11%
$242