This property looks like a bad Long-Term investment with a projected -17.58% first-year return on $50,295 initial cash invested.
-17.58%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$1,190
Rent
-$737
Cashflow
Cash Flow
$1,190 income − $1,927 expenses = $737 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,190
Total Expenses
$1,927
Mortgage P&I
111%
$1,323
Property Taxes
18%
$210
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$119
CapEx
5%
$60
Vacancy
6%
$71
Maintenance
5%
$60
Other
0%
$0