This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $50,379 initial cash invested.
-12.91%
Cash On Cash
3.91%
Cap Rate
0.62
DSCR
$1,151
Rent
-$542
Cashflow
Cash Flow
$1,151 income − $1,693 expenses = $542 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,151
Total Expenses
$1,693
Mortgage P&I
110%
$1,266
Property Taxes
4%
$43
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$115
CapEx
5%
$58
Vacancy
6%
$69
Maintenance
5%
$58
Other
0%
$0