This property looks like a bad Long-Term investment with a projected -9.07% first-year return on $50,400 initial cash invested.
-9.07%
Cash On Cash
5.03%
Cap Rate
0.77
DSCR
$1,541
Rent
-$381
Cashflow
Cash Flow
$1,541 income − $1,922 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,541
Total Expenses
$1,922
Mortgage P&I
85%
$1,310
Property Taxes
8%
$128
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0