This property looks like a bad Long-Term investment with a projected -6.24% first-year return on $50,400 initial cash invested.
-6.24%
Cash On Cash
5.75%
Cap Rate
0.87
DSCR
$1,715
Rent
-$262
Cashflow
Cash Flow
$1,715 income − $1,977 expenses = $262 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,715
Total Expenses
$1,977
Mortgage P&I
77%
$1,326
Property Taxes
7%
$120
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0