This property looks like a bad Mid-Term investment with a projected -7.07% first-year return on $68,379 initial cash invested.
-7.07%
Cash On Cash
5.06%
Cap Rate
0.75
DSCR
$1,852
Rent
-$403
Cashflow
Cash Flow
$1,852 income − $2,255 expenses = $403 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,852
Total Expenses
$2,255
Mortgage P&I
72%
$1,340
Property Taxes
11%
$201
Home Insurance
5%
$84
HOA
0%
$0
Property Management
12%
$222
CapEx
4%
$74
Vacancy
3%
$56
Maintenance
4%
$74
Other
11%
$204