This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $252k initial cash invested.
-20.44%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$5,060
Rent
-$4,298
Cashflow
Cash Flow
$5,060 income − $9,358 expenses = $4,298 out of pocket
Investment Breakdown
|
Purchase Price
$1202k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$12,016
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,060
Total Expenses
$9,358
Mortgage P&I
126%
$6,368
Property Taxes
23%
$1,149
Home Insurance
10%
$525
HOA
0%
$0
Property Management
10%
$506
CapEx
5%
$253
Vacancy
6%
$304
Maintenance
5%
$253
Other
0%
$0