This property looks like a bad Long-Term investment with a projected -24.75% first-year return on $252k initial cash invested.
-24.75%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$3,479
Rent
-$5,198
Cashflow
Cash Flow
$3,479 income − $8,677 expenses = $5,198 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,479
Total Expenses
$8,677
Mortgage P&I
188%
$6,549
Property Taxes
23%
$803
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0