This property looks like a bad Long-Term investment with a projected -4.12% first-year return on $50,421 initial cash invested.
-4.12%
Cash On Cash
6.02%
Cap Rate
0.93
DSCR
$1,786
Rent
-$173
Cashflow
Cash Flow
$1,786 income − $1,959 expenses = $173 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,786
Total Expenses
$1,959
Mortgage P&I
72%
$1,289
Property Taxes
6%
$115
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0