This property looks like a bad Long-Term investment with a projected -13.88% first-year return on $50,400 initial cash invested.
-13.88%
Cash On Cash
4.2%
Cap Rate
0.63
DSCR
$1,592
Rent
-$583
Cashflow
Cash Flow
$1,592 income − $2,175 expenses = $583 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,592
Total Expenses
$2,175
Mortgage P&I
84%
$1,342
Property Taxes
21%
$334
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$159
CapEx
5%
$80
Vacancy
6%
$96
Maintenance
5%
$80
Other
0%
$0