This property looks like a bad Long-Term investment with a projected -6.93% first-year return on $50,379 initial cash invested.
-6.93%
Cash On Cash
5.69%
Cap Rate
0.85
DSCR
$1,714
Rent
-$291
Cashflow
Cash Flow
$1,714 income − $2,005 expenses = $291 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,714
Total Expenses
$2,005
Mortgage P&I
78%
$1,342
Property Taxes
8%
$133
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0