This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $50,379 initial cash invested.
-10.69%
Cash On Cash
4.86%
Cap Rate
0.72
DSCR
$1,450
Rent
-$449
Cashflow
Cash Flow
$1,450 income − $1,899 expenses = $449 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
$1,450
Total Expenses
$1,899
Mortgage P&I
93%
$1,349
Property Taxes
6%
$90
Home Insurance
6%
$84
HOA
0%
$0
Property Management
10%
$145
CapEx
5%
$72
Vacancy
6%
$87
Maintenance
5%
$72
Other
0%
$0