This property looks like a bad Long-Term investment with a projected -8.55% first-year return on $50,400 initial cash invested.
-8.55%
Cash On Cash
5.2%
Cap Rate
0.79
DSCR
$1,810
Rent
-$359
Cashflow
Cash Flow
$1,810 income − $2,169 expenses = $359 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
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
$1,810
Total Expenses
$2,169
Mortgage P&I
72%
$1,308
Property Taxes
17%
$307
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0