This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $50,379 initial cash invested.
-12.74%
Cash On Cash
4.05%
Cap Rate
0.63
DSCR
$1,264
Rent
-$535
Cashflow
Cash Flow
$1,264 income − $1,799 expenses = $535 out of pocket
Investment Breakdown
|
Purchase Price
$240k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,264
Total Expenses
$1,799
Mortgage P&I
101%
$1,282
Property Taxes
8%
$105
Home Insurance
7%
$84
HOA
0%
$0
Property Management
10%
$126
CapEx
5%
$63
Vacancy
6%
$76
Maintenance
5%
$63
Other
0%
$0