This property looks like a bad Long-Term investment with a projected -8.8% first-year return on $50,295 initial cash invested.
-8.8%
Cash On Cash
5.22%
Cap Rate
0.78
DSCR
$1,584
Rent
-$369
Cashflow
Cash Flow
$1,584 income − $1,953 expenses = $369 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
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
$1,584
Total Expenses
$1,953
Mortgage P&I
84%
$1,332
Property Taxes
8%
$124
Home Insurance
5%
$86
HOA
0%
$0
Property Management
10%
$158
CapEx
5%
$79
Vacancy
6%
$95
Maintenance
5%
$79
Other
0%
$0