This property looks like a bad Long-Term investment with a projected -0.64% first-year return on $50,400 initial cash invested.
-0.64%
Cash On Cash
6.86%
Cap Rate
1.06
DSCR
$2,109
Rent
-$27
Cashflow
Cash Flow
$2,109 income − $2,136 expenses = $27 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
$2,109
Total Expenses
$2,136
Mortgage P&I
61%
$1,294
Property Taxes
10%
$210
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0