This property looks like a bad Long-Term investment with a projected -7.81% first-year return on $50,421 initial cash invested.
-7.81%
Cash On Cash
5.51%
Cap Rate
0.81
DSCR
$1,529
Rent
-$328
Cashflow
Cash Flow
$1,529 income − $1,857 expenses = $328 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,421
Downpayment
20%
$48,020
Closing costs
1%
$2,401
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,529
Total Expenses
$1,857
Mortgage P&I
89%
$1,354
Property Taxes
7%
$106
Home Insurance
0%
$0
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$76
Vacancy
6%
$92
Maintenance
5%
$76
Other
0%
$0