This property looks like a bad Long-Term investment with a projected -23.07% first-year return on $252k initial cash invested.
-23.07%
Cash On Cash
2.11%
Cap Rate
0.31
DSCR
$4,065
Rent
-$4,845
Cashflow
Cash Flow
$4,065 income − $8,910 expenses = $4,845 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.6%
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
$4,065
Total Expenses
$8,910
Mortgage P&I
166%
$6,749
Property Taxes
17%
$685
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$244
Maintenance
5%
$203
Other
0%
$0