This property looks like a bad Long-Term investment with a projected -28.24% first-year return on $252k initial cash invested.
-28.24%
Cash On Cash
0.74%
Cap Rate
0.11
DSCR
$2,815
Rent
-$5,931
Cashflow
Cash Flow
$2,815 income − $8,746 expenses = $5,931 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
$2,815
Total Expenses
$8,746
Mortgage P&I
232%
$6,533
Property Taxes
38%
$1,060
Home Insurance
15%
$420
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0