This property looks like a bad Long-Term investment with a projected -25% first-year return on $252k initial cash invested.
-25%
Cash On Cash
1.39%
Cap Rate
0.22
DSCR
$3,634
Rent
-$5,245
Cashflow
Cash Flow
$3,634 income − $8,879 expenses = $5,245 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,634
Total Expenses
$8,879
Mortgage P&I
178%
$6,455
Property Taxes
29%
$1,059
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0