This property looks like a bad Long-Term investment with a projected -23.94% first-year return on $252k initial cash invested.
-23.94%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$3,825
Rent
-$5,028
Cashflow
Cash Flow
$3,825 income − $8,853 expenses = $5,028 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
$3,825
Total Expenses
$8,853
Mortgage P&I
173%
$6,606
Property Taxes
22%
$833
Home Insurance
11%
$420
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0