This property looks like a bad Long-Term investment with a projected -1.43% first-year return on $50,379 initial cash invested.
-1.43%
Cash On Cash
6.35%
Cap Rate
1.04
DSCR
$2,212
Rent
-$60
Cashflow
Cash Flow
$2,212 income − $2,272 expenses = $60 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,212
Total Expenses
$2,272
Mortgage P&I
55%
$1,218
Property Taxes
18%
$394
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0