This property looks like a bad Mid-Term investment with a projected -4.14% first-year return on $68,400 initial cash invested.
-4.14%
Cash On Cash
6.04%
Cap Rate
0.89
DSCR
$2,184
Rent
-$236
Cashflow
Cash Flow
$2,184 income − $2,420 expenses = $236 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,184
Total Expenses
$2,420
Mortgage P&I
62%
$1,357
Property Taxes
12%
$253
Home Insurance
3%
$68
HOA
0%
$0
Property Management
12%
$262
CapEx
4%
$87
Vacancy
3%
$66
Maintenance
4%
$87
Other
11%
$240