This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $50,379 initial cash invested.
-14.08%
Cash On Cash
4.22%
Cap Rate
0.63
DSCR
$1,819
Rent
-$591
Cashflow
Cash Flow
$1,819 income − $2,410 expenses = $591 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,819
Total Expenses
$2,410
Mortgage P&I
74%
$1,343
Property Taxes
28%
$510
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0