This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $50,400 initial cash invested.
-14.52%
Cash On Cash
4.1%
Cap Rate
0.61
DSCR
$1,693
Rent
-$610
Cashflow
Cash Flow
$1,693 income − $2,303 expenses = $610 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.5%
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
$1,693
Total Expenses
$2,303
Mortgage P&I
79%
$1,344
Property Taxes
25%
$417
Home Insurance
5%
$84
HOA
1%
$17
Property Management
10%
$169
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0