This property looks like a bad Long-Term investment with a projected -8.96% first-year return on $50,379 initial cash invested.
-8.96%
Cash On Cash
5.32%
Cap Rate
0.78
DSCR
$1,525
Rent
-$376
Cashflow
Cash Flow
$1,525 income − $1,901 expenses = $376 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,525
Total Expenses
$1,901
Mortgage P&I
89%
$1,363
Property Taxes
4%
$58
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0