This property looks like a bad Long-Term investment with a projected -11.1% first-year return on $50,484 initial cash invested.
-11.1%
Cash On Cash
4.58%
Cap Rate
0.71
DSCR
$1,936
Rent
-$467
Cashflow
Cash Flow
$1,936 income − $2,403 expenses = $467 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,936
Total Expenses
$2,403
Mortgage P&I
67%
$1,288
Property Taxes
27%
$524
Home Insurance
4%
$87
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0