This property looks like a bad Mid-Term investment with a projected -3.88% first-year return on $68,379 initial cash invested.
-3.88%
Cash On Cash
5.69%
Cap Rate
0.89
DSCR
$1,896
Rent
-$221
Cashflow
Cash Flow
$1,896 income − $2,117 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,896
Total Expenses
$2,117
Mortgage P&I
68%
$1,282
Property Taxes
6%
$105
Home Insurance
4%
$84
HOA
0%
$0
Property Management
12%
$228
CapEx
4%
$76
Vacancy
3%
$57
Maintenance
4%
$76
Other
11%
$209