This property looks like a bad Long-Term investment with a projected -26.57% first-year return on $50,400 initial cash invested.
-26.57%
Cash On Cash
1.42%
Cap Rate
0.22
DSCR
$1,638
Rent
-$1,116
Cashflow
Cash Flow
$1,638 income − $2,754 expenses = $1,116 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,638
Total Expenses
$2,754
Mortgage P&I
80%
$1,318
Property Taxes
57%
$926
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0