This property looks like a bad Long-Term investment with a projected -6.8% first-year return on $50,463 initial cash invested.
-6.8%
Cash On Cash
5.53%
Cap Rate
0.85
DSCR
$1,817
Rent
-$286
Cashflow
Cash Flow
$1,817 income − $2,103 expenses = $286 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,463
Downpayment
20%
$48,060
Closing costs
1%
$2,403
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,817
Total Expenses
$2,103
Mortgage P&I
72%
$1,302
Property Taxes
13%
$240
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0