This property looks like a bad Long-Term investment with a projected -27.1% first-year return on $252k initial cash invested.
-27.1%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$3,617
Rent
-$5,690
Cashflow
Cash Flow
$3,617 income − $9,307 expenses = $5,690 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,617
Total Expenses
$9,307
Mortgage P&I
175%
$6,346
Property Taxes
44%
$1,600
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0