This property looks like a bad Long-Term investment with a projected -13.62% first-year return on $50,400 initial cash invested.
-13.62%
Cash On Cash
4.2%
Cap Rate
0.64
DSCR
$1,843
Rent
-$572
Cashflow
Cash Flow
$1,843 income − $2,415 expenses = $572 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,843
Total Expenses
$2,415
Mortgage P&I
72%
$1,321
Property Taxes
27%
$506
Home Insurance
5%
$84
HOA
1%
$25
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$111
Maintenance
5%
$92
Other
0%
$0