This property looks like a bad Long-Term investment with a projected -9.16% first-year return on $50,442 initial cash invested.
-9.16%
Cash On Cash
4.96%
Cap Rate
0.76
DSCR
$1,489
Rent
-$385
Cashflow
Cash Flow
$1,489 income − $1,874 expenses = $385 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,442
Downpayment
20%
$48,040
Closing costs
1%
$2,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,489
Total Expenses
$1,874
Mortgage P&I
88%
$1,303
Property Taxes
7%
$106
Home Insurance
5%
$79
HOA
0%
$0
Property Management
10%
$149
CapEx
5%
$74
Vacancy
6%
$89
Maintenance
5%
$74
Other
0%
$0