This property looks like a bad Long-Term investment with a projected -13.74% first-year return on $50,400 initial cash invested.
-13.74%
Cash On Cash
4.18%
Cap Rate
0.62
DSCR
$1,280
Rent
-$577
Cashflow
Cash Flow
$1,280 income − $1,857 expenses = $577 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
$1,280
Total Expenses
$1,857
Mortgage P&I
105%
$1,348
Property Taxes
7%
$92
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$128
CapEx
5%
$64
Vacancy
6%
$77
Maintenance
5%
$64
Other
0%
$0