This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $50,400 initial cash invested.
-12.14%
Cash On Cash
4.46%
Cap Rate
0.68
DSCR
$1,772
Rent
-$510
Cashflow
Cash Flow
$1,772 income − $2,282 expenses = $510 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.3%
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
$1,772
Total Expenses
$2,282
Mortgage P&I
74%
$1,312
Property Taxes
24%
$425
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0