This property looks like a bad Long-Term investment with a projected -4.33% first-year return on $50,400 initial cash invested.
-4.33%
Cash On Cash
6.32%
Cap Rate
0.93
DSCR
$1,766
Rent
-$182
Cashflow
Cash Flow
$1,766 income − $1,948 expenses = $182 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
$1,766
Total Expenses
$1,948
Mortgage P&I
77%
$1,358
Property Taxes
3%
$47
Home Insurance
5%
$84
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$88
Vacancy
6%
$106
Maintenance
5%
$88
Other
0%
$0