This property looks like a bad Long-Term investment with a projected -22.81% first-year return on $252k initial cash invested.
-22.81%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$4,585
Rent
-$4,786
Cashflow
Cash Flow
$4,585 income − $9,371 expenses = $4,786 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,585
Total Expenses
$9,371
Mortgage P&I
144%
$6,581
Property Taxes
26%
$1,179
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$458
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0