This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $50,421 initial cash invested.
-14.57%
Cash On Cash
4.08%
Cap Rate
0.61
DSCR
$1,873
Rent
-$612
Cashflow
Cash Flow
$1,873 income − $2,485 expenses = $612 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,873
Total Expenses
$2,485
Mortgage P&I
71%
$1,334
Property Taxes
30%
$563
Home Insurance
5%
$101
HOA
0%
$0
Property Management
10%
$187
CapEx
5%
$94
Vacancy
6%
$112
Maintenance
5%
$94
Other
0%
$0