This property looks like a bad Long-Term investment with a projected -8.87% first-year return on $50,484 initial cash invested.
-8.87%
Cash On Cash
5.28%
Cap Rate
0.79
DSCR
$1,810
Rent
-$373
Cashflow
Cash Flow
$1,810 income − $2,183 expenses = $373 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,810
Total Expenses
$2,183
Mortgage P&I
74%
$1,341
Property Taxes
16%
$297
Home Insurance
4%
$75
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0