This property looks like a bad Long-Term investment with a projected -5.25% first-year return on $50,484 initial cash invested.
-5.25%
Cash On Cash
5.91%
Cap Rate
0.9
DSCR
$1,702
Rent
-$221
Cashflow
Cash Flow
$1,702 income − $1,923 expenses = $221 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,702
Total Expenses
$1,923
Mortgage P&I
78%
$1,320
Property Taxes
4%
$63
Home Insurance
6%
$98
HOA
0%
$0
Property Management
10%
$170
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0