This property looks like a bad Long-Term investment with a projected -9.14% first-year return on $50,400 initial cash invested.
-9.14%
Cash On Cash
4.93%
Cap Rate
0.76
DSCR
$1,515
Rent
-$384
Cashflow
Cash Flow
$1,515 income − $1,899 expenses = $384 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,515
Total Expenses
$1,899
Mortgage P&I
85%
$1,294
Property Taxes
8%
$126
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0