This property looks like a bad Long-Term investment with a projected -2.67% first-year return on $50,379 initial cash invested.
-2.67%
Cash On Cash
6.64%
Cap Rate
0.99
DSCR
$1,886
Rent
-$112
Cashflow
Cash Flow
$1,886 income − $1,998 expenses = $112 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
$1,886
Total Expenses
$1,998
Mortgage P&I
71%
$1,346
Property Taxes
4%
$78
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$189
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0