This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $50,400 initial cash invested.
-13.14%
Cash On Cash
4.35%
Cap Rate
0.64
DSCR
$1,370
Rent
-$552
Cashflow
Cash Flow
$1,370 income − $1,922 expenses = $552 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,370
Total Expenses
$1,922
Mortgage P&I
99%
$1,353
Property Taxes
9%
$130
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$137
CapEx
5%
$68
Vacancy
6%
$82
Maintenance
5%
$68
Other
0%
$0