This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $50,400 initial cash invested.
-10.69%
Cash On Cash
4.96%
Cap Rate
0.74
DSCR
$1,950
Rent
-$449
Cashflow
Cash Flow
$1,950 income − $2,399 expenses = $449 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,950
Total Expenses
$2,399
Mortgage P&I
69%
$1,344
Property Taxes
23%
$455
Home Insurance
4%
$84
HOA
0%
$8
Property Management
10%
$195
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0