This property looks like a bad Mid-Term investment with a projected -4.51% first-year return on $68,400 initial cash invested.
-4.51%
Cash On Cash
5.84%
Cap Rate
0.87
DSCR
$1,920
Rent
-$257
Cashflow
Cash Flow
$1,920 income − $2,177 expenses = $257 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
$1,920
Total Expenses
$2,177
Mortgage P&I
70%
$1,348
Property Taxes
5%
$92
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$230
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$211