This property looks like a bad Long-Term investment with a projected -10.08% first-year return on $50,379 initial cash invested.
-10.08%
Cash On Cash
4.69%
Cap Rate
0.73
DSCR
$1,387
Rent
-$423
Cashflow
Cash Flow
$1,387 income − $1,810 expenses = $423 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
$1,387
Total Expenses
$1,810
Mortgage P&I
93%
$1,291
Property Taxes
5%
$75
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$139
CapEx
5%
$69
Vacancy
6%
$83
Maintenance
5%
$69
Other
0%
$0