This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $50,379 initial cash invested.
-9.38%
Cash On Cash
5.05%
Cap Rate
0.76
DSCR
$1,537
Rent
-$394
Cashflow
Cash Flow
$1,537 income − $1,931 expenses = $394 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,537
Total Expenses
$1,931
Mortgage P&I
86%
$1,326
Property Taxes
8%
$121
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$154
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0