This property looks like a bad Long-Term investment with a projected -29.07% first-year return on $252k initial cash invested.
-29.07%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$2,918
Rent
-$6,104
Cashflow
Cash Flow
$2,918 income − $9,022 expenses = $6,104 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
$2,918
Total Expenses
$9,022
Mortgage P&I
224%
$6,522
Property Taxes
45%
$1,321
Home Insurance
14%
$420
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0