This property looks like a bad Long-Term investment with a projected -14.31% first-year return on $50,400 initial cash invested.
-14.31%
Cash On Cash
4.15%
Cap Rate
0.61
DSCR
$1,456
Rent
-$601
Cashflow
Cash Flow
$1,456 income − $2,057 expenses = $601 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.6%
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
$1,456
Total Expenses
$2,057
Mortgage P&I
93%
$1,357
Property Taxes
17%
$253
Home Insurance
5%
$68
HOA
0%
$0
Property Management
10%
$146
CapEx
5%
$73
Vacancy
6%
$87
Maintenance
5%
$73
Other
0%
$0