This property looks like a bad Long-Term investment with a projected -16.96% first-year return on $50,379 initial cash invested.
-16.96%
Cash On Cash
3.45%
Cap Rate
0.51
DSCR
$1,235
Rent
-$712
Cashflow
Cash Flow
$1,235 income − $1,947 expenses = $712 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
$1,235
Total Expenses
$1,947
Mortgage P&I
109%
$1,340
Property Taxes
16%
$201
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$124
CapEx
5%
$62
Vacancy
6%
$74
Maintenance
5%
$62
Other
0%
$0