This property looks like a bad Long-Term investment with a projected -22.4% first-year return on $252k initial cash invested.
-22.4%
Cash On Cash
1.89%
Cap Rate
0.3
DSCR
$4,416
Rent
-$4,704
Cashflow
Cash Flow
$4,416 income − $9,120 expenses = $4,704 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,416
Total Expenses
$9,120
Mortgage P&I
144%
$6,371
Property Taxes
27%
$1,180
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$442
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0