This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $50,379 initial cash invested.
-13.96%
Cash On Cash
4.14%
Cap Rate
0.61
DSCR
$1,289
Rent
-$586
Cashflow
Cash Flow
$1,289 income − $1,875 expenses = $586 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
$1,289
Total Expenses
$1,875
Mortgage P&I
105%
$1,349
Property Taxes
8%
$108
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$129
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0