This property looks like a bad Long-Term investment with a projected -6.07% first-year return on $50,379 initial cash invested.
-6.07%
Cash On Cash
5.93%
Cap Rate
0.88
DSCR
$1,859
Rent
-$255
Cashflow
Cash Flow
$1,859 income − $2,114 expenses = $255 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,859
Total Expenses
$2,114
Mortgage P&I
72%
$1,347
Property Taxes
11%
$197
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0