This property looks like a bad Long-Term investment with a projected -19.95% first-year return on $252k initial cash invested.
-19.95%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$5,387
Rent
-$4,190
Cashflow
Cash Flow
$5,387 income − $9,577 expenses = $4,190 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
$5,387
Total Expenses
$9,577
Mortgage P&I
122%
$6,577
Property Taxes
22%
$1,180
Home Insurance
8%
$420
HOA
0%
$0
Property Management
10%
$539
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0