This property looks like a bad Long-Term investment with a projected -29.39% first-year return on $252k initial cash invested.
-29.39%
Cash On Cash
0.54%
Cap Rate
0.08
DSCR
$2,554
Rent
-$6,171
Cashflow
Cash Flow
$2,554 income − $8,725 expenses = $6,171 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
$2,554
Total Expenses
$8,725
Mortgage P&I
258%
$6,586
Property Taxes
41%
$1,055
Home Insurance
16%
$420
HOA
0%
$0
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0