This property looks like a bad Long-Term investment with a projected -9.53% first-year return on $50,379 initial cash invested.
-9.53%
Cash On Cash
5.19%
Cap Rate
0.76
DSCR
$1,627
Rent
-$400
Cashflow
Cash Flow
$1,627 income − $2,027 expenses = $400 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,627
Total Expenses
$2,027
Mortgage P&I
83%
$1,357
Property Taxes
10%
$163
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$163
CapEx
5%
$81
Vacancy
6%
$98
Maintenance
5%
$81
Other
0%
$0