This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $50,379 initial cash invested.
-11.91%
Cash On Cash
4.33%
Cap Rate
0.67
DSCR
$1,521
Rent
-$500
Cashflow
Cash Flow
$1,521 income − $2,021 expenses = $500 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,521
Total Expenses
$2,021
Mortgage P&I
85%
$1,290
Property Taxes
17%
$252
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$152
CapEx
5%
$76
Vacancy
6%
$91
Maintenance
5%
$76
Other
0%
$0