This property looks like a bad Long-Term investment with a projected -11.89% first-year return on $50,379 initial cash invested.
-11.89%
Cash On Cash
4.58%
Cap Rate
0.68
DSCR
$1,384
Rent
-$499
Cashflow
Cash Flow
$1,384 income − $1,883 expenses = $499 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
$1,384
Total Expenses
$1,883
Mortgage P&I
97%
$1,346
Property Taxes
7%
$94
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$138
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0