This property looks like a bad Mid-Term investment with a projected -1.35% first-year return on $68,379 initial cash invested.
-1.35%
Cash On Cash
6.49%
Cap Rate
1
DSCR
$2,080
Rent
-$77
Cashflow
Cash Flow
$2,080 income − $2,157 expenses = $77 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
$2,080
Total Expenses
$2,157
Mortgage P&I
62%
$1,291
Property Taxes
4%
$75
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$250
CapEx
4%
$83
Vacancy
3%
$62
Maintenance
4%
$83
Other
11%
$229