This property looks like a bad Long-Term investment with a projected -7.84% first-year return on $50,379 initial cash invested.
-7.84%
Cash On Cash
5.53%
Cap Rate
0.82
DSCR
$1,694
Rent
-$329
Cashflow
Cash Flow
$1,694 income − $2,023 expenses = $329 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
$1,694
Total Expenses
$2,023
Mortgage P&I
80%
$1,349
Property Taxes
7%
$113
Home Insurance
5%
$84
HOA
2%
$36
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0