This property looks like a bad Long-Term investment with a projected -6.5% first-year return on $50,400 initial cash invested.
-6.5%
Cash On Cash
5.5%
Cap Rate
0.85
DSCR
$1,639
Rent
-$273
Cashflow
Cash Flow
$1,639 income − $1,912 expenses = $273 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,639
Total Expenses
$1,912
Mortgage P&I
79%
$1,292
Property Taxes
7%
$110
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$164
CapEx
5%
$82
Vacancy
6%
$98
Maintenance
5%
$82
Other
0%
$0