This property looks like a bad Long-Term investment with a projected -22.27% first-year return on $252k initial cash invested.
-22.27%
Cash On Cash
2.07%
Cap Rate
0.32
DSCR
$4,315
Rent
-$4,676
Cashflow
Cash Flow
$4,315 income − $8,991 expenses = $4,676 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%
$11,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,315
Total Expenses
$8,991
Mortgage P&I
151%
$6,528
Property Taxes
21%
$920
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0