This property looks like a bad Long-Term investment with a projected -10.36% first-year return on $50,379 initial cash invested.
-10.36%
Cash On Cash
4.57%
Cap Rate
0.72
DSCR
$1,445
Rent
-$435
Cashflow
Cash Flow
$1,445 income − $1,880 expenses = $435 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,445
Total Expenses
$1,880
Mortgage P&I
88%
$1,277
Property Taxes
10%
$144
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$144
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0