This property looks like a bad Long-Term investment with a projected -4.47% first-year return on $50,421 initial cash invested.
-4.47%
Cash On Cash
6.13%
Cap Rate
0.93
DSCR
$1,831
Rent
-$188
Cashflow
Cash Flow
$1,831 income − $2,019 expenses = $188 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,831
Total Expenses
$2,019
Mortgage P&I
72%
$1,323
Property Taxes
6%
$108
Home Insurance
5%
$86
HOA
1%
$25
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0