This property looks like a bad Long-Term investment with a projected -22.48% first-year return on $252k initial cash invested.
-22.48%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$4,505
Rent
-$4,716
Cashflow
Cash Flow
$4,505 income − $9,221 expenses = $4,716 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,505
Total Expenses
$9,221
Mortgage P&I
145%
$6,532
Property Taxes
24%
$1,099
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0