This property looks like a bad Long-Term investment with a projected -9.01% first-year return on $50,484 initial cash invested.
-9.01%
Cash On Cash
4.98%
Cap Rate
0.77
DSCR
$1,676
Rent
-$379
Cashflow
Cash Flow
$1,676 income − $2,055 expenses = $379 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,484
Downpayment
20%
$48,080
Closing costs
1%
$2,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,676
Total Expenses
$2,055
Mortgage P&I
77%
$1,292
Property Taxes
14%
$238
Home Insurance
5%
$88
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0