This property looks like a bad Long-Term investment with a projected -17.27% first-year return on $50,295 initial cash invested.
-17.27%
Cash On Cash
3.39%
Cap Rate
0.5
DSCR
$1,208
Rent
-$724
Cashflow
Cash Flow
$1,208 income − $1,932 expenses = $724 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,295
Downpayment
20%
$47,900
Closing costs
1%
$2,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,208
Total Expenses
$1,932
Mortgage P&I
111%
$1,340
Property Taxes
16%
$195
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$121
CapEx
5%
$60
Vacancy
6%
$72
Maintenance
5%
$60
Other
0%
$0