This property looks like a bad Long-Term investment with a projected -4.52% first-year return on $50,400 initial cash invested.
-4.52%
Cash On Cash
5.8%
Cap Rate
0.93
DSCR
$2,101
Rent
-$190
Cashflow
Cash Flow
$2,101 income − $2,291 expenses = $190 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,101
Total Expenses
$2,291
Mortgage P&I
59%
$1,245
Property Taxes
20%
$416
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0