This property looks like a bad Long-Term investment with a projected -9.74% first-year return on $50,379 initial cash invested.
-9.74%
Cash On Cash
5.07%
Cap Rate
0.76
DSCR
$1,938
Rent
-$409
Cashflow
Cash Flow
$1,938 income − $2,347 expenses = $409 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,379
Downpayment
20%
$47,980
Closing costs
1%
$2,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,938
Total Expenses
$2,347
Mortgage P&I
68%
$1,326
Property Taxes
22%
$433
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$194
CapEx
5%
$97
Vacancy
6%
$116
Maintenance
5%
$97
Other
0%
$0