This property looks like a bad Long-Term investment with a projected -3.53% first-year return on $50,379 initial cash invested.
-3.53%
Cash On Cash
6.48%
Cap Rate
0.97
DSCR
$2,037
Rent
-$148
Cashflow
Cash Flow
$2,037 income − $2,185 expenses = $148 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,037
Total Expenses
$2,185
Mortgage P&I
66%
$1,342
Property Taxes
11%
$229
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0