This property looks like a bad Mid-Term investment with a projected -3.26% first-year return on $68,400 initial cash invested.
-3.26%
Cash On Cash
6.3%
Cap Rate
0.94
DSCR
$2,540
Rent
-$186
Cashflow
Cash Flow
$2,540 income − $2,726 expenses = $186 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
8%
$18,000
Cashflow
Total Income
$2,540
Total Expenses
$2,726
Mortgage P&I
53%
$1,344
Property Taxes
16%
$417
Home Insurance
3%
$84
HOA
1%
$17
Property Management
12%
$305
CapEx
4%
$102
Vacancy
3%
$76
Maintenance
4%
$102
Other
11%
$279