This property looks like a bad Long-Term investment with a projected -25.64% first-year return on $252k initial cash invested.
-25.64%
Cash On Cash
1.31%
Cap Rate
0.2
DSCR
$3,663
Rent
-$5,385
Cashflow
Cash Flow
$3,663 income − $9,048 expenses = $5,385 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
$3,663
Total Expenses
$9,048
Mortgage P&I
178%
$6,516
Property Taxes
32%
$1,160
Home Insurance
11%
$420
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0