This property looks like a bad Long-Term investment with a projected -9.95% first-year return on $50,295 initial cash invested.
-9.95%
Cash On Cash
5.04%
Cap Rate
0.75
DSCR
$1,571
Rent
-$417
Cashflow
Cash Flow
$1,571 income − $1,988 expenses = $417 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,571
Total Expenses
$1,988
Mortgage P&I
85%
$1,343
Property Taxes
9%
$148
Home Insurance
6%
$88
HOA
0%
$0
Property Management
10%
$157
CapEx
5%
$79
Vacancy
6%
$94
Maintenance
5%
$79
Other
0%
$0