This property looks like a bad Mid-Term investment with a projected -1.53% first-year return on $68,379 initial cash invested.
-1.53%
Cash On Cash
6.75%
Cap Rate
1
DSCR
$2,175
Rent
-$87
Cashflow
Cash Flow
$2,175 income − $2,262 expenses = $87 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
$2,175
Total Expenses
$2,262
Mortgage P&I
62%
$1,349
Property Taxes
4%
$90
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$261
CapEx
4%
$87
Vacancy
3%
$65
Maintenance
4%
$87
Other
11%
$239