This property looks like a bad Long-Term investment with a projected -22.8% first-year return on $253k initial cash invested.
-22.8%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$4,961
Rent
-$4,807
Cashflow
Cash Flow
$4,961 income − $9,768 expenses = $4,807 out of pocket
Investment Breakdown
|
Purchase Price
$1205k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$241k
Closing costs
1%
$12,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,961
Total Expenses
$9,768
Mortgage P&I
131%
$6,507
Property Taxes
24%
$1,215
Home Insurance
9%
$429
HOA
7%
$327
Property Management
10%
$496
CapEx
5%
$248
Vacancy
6%
$298
Maintenance
5%
$248
Other
0%
$0