This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $252k initial cash invested.
-22.45%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$4,435
Rent
-$4,715
Cashflow
Cash Flow
$4,435 income − $9,150 expenses = $4,715 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,435
Total Expenses
$9,150
Mortgage P&I
147%
$6,516
Property Taxes
24%
$1,060
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$266
Maintenance
5%
$222
Other
0%
$0