This property looks like a bad Long-Term investment with a projected -26.44% first-year return on $252k initial cash invested.
-26.44%
Cash On Cash
0.91%
Cap Rate
0.14
DSCR
$1,927
Rent
-$5,548
Cashflow
Cash Flow
$1,927 income − $7,475 expenses = $5,548 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,927
Total Expenses
$7,475
Mortgage P&I
330%
$6,364
Property Taxes
10%
$190
Home Insurance
22%
$420
HOA
0%
$0
Property Management
10%
$193
CapEx
5%
$96
Vacancy
6%
$116
Maintenance
5%
$96
Other
0%
$0