This property looks like a bad Long-Term investment with a projected -22.53% first-year return on $252k initial cash invested.
-22.53%
Cash On Cash
2%
Cap Rate
0.31
DSCR
$4,407
Rent
-$4,734
Cashflow
Cash Flow
$4,407 income − $9,141 expenses = $4,734 out of pocket
Investment Breakdown
|
Purchase Price
$1201k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$12,009
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,407
Total Expenses
$9,141
Mortgage P&I
148%
$6,516
Property Taxes
24%
$1,060
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$441
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0