This property looks like a bad Long-Term investment with a projected -4.9% first-year return on $50,463 initial cash invested.
-4.9%
Cash On Cash
5.85%
Cap Rate
0.91
DSCR
$1,811
Rent
-$206
Cashflow
Cash Flow
$1,811 income − $2,017 expenses = $206 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,811
Total Expenses
$2,017
Mortgage P&I
71%
$1,286
Property Taxes
9%
$168
Home Insurance
5%
$91
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0