This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $50,379 initial cash invested.
-8.98%
Cash On Cash
4.81%
Cap Rate
0.76
DSCR
$1,468
Rent
-$377
Cashflow
Cash Flow
$1,468 income − $1,845 expenses = $377 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
6.9%
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
$1,468
Total Expenses
$1,845
Mortgage P&I
86%
$1,266
Property Taxes
8%
$114
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$147
CapEx
5%
$73
Vacancy
6%
$88
Maintenance
5%
$73
Other
0%
$0