This property looks like a bad Long-Term investment with a projected -17.09% first-year return on $50,358 initial cash invested.
-17.09%
Cash On Cash
3.22%
Cap Rate
0.49
DSCR
$1,221
Rent
-$717
Cashflow
Cash Flow
$1,221 income − $1,938 expenses = $717 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,358
Downpayment
20%
$47,960
Closing costs
1%
$2,398
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,221
Total Expenses
$1,938
Mortgage P&I
106%
$1,299
Property Taxes
19%
$234
Home Insurance
7%
$88
HOA
0%
$0
Property Management
10%
$122
CapEx
5%
$61
Vacancy
6%
$73
Maintenance
5%
$61
Other
0%
$0