This property looks like a bad Long-Term investment with a projected -6.76% first-year return on $50,379 initial cash invested.
-6.76%
Cash On Cash
5.73%
Cap Rate
0.85
DSCR
$1,784
Rent
-$284
Cashflow
Cash Flow
$1,784 income − $2,068 expenses = $284 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
$1,784
Total Expenses
$2,068
Mortgage P&I
75%
$1,340
Property Taxes
10%
$181
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0