This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $252k initial cash invested.
-21.3%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$4,403
Rent
-$4,473
Cashflow
Cash Flow
$4,403 income − $8,876 expenses = $4,473 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,403
Total Expenses
$8,876
Mortgage P&I
150%
$6,610
Property Taxes
15%
$667
Home Insurance
10%
$420
HOA
1%
$35
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0