This property looks like a bad Long-Term investment with a projected -2.62% first-year return on $50,400 initial cash invested.
-2.62%
Cash On Cash
6.62%
Cap Rate
1
DSCR
$2,115
Rent
-$110
Cashflow
Cash Flow
$2,115 income − $2,225 expenses = $110 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$50,400
Downpayment
20%
$48,000
Closing costs
1%
$2,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$2,225
Mortgage P&I
63%
$1,329
Property Taxes
12%
$261
Home Insurance
4%
$84
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0