This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $252k initial cash invested.
-19.33%
Cash On Cash
2.24%
Cap Rate
0.37
DSCR
$4,169
Rent
-$4,060
Cashflow
Cash Flow
$4,169 income − $8,229 expenses = $4,060 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,169
Total Expenses
$8,229
Mortgage P&I
146%
$6,087
Property Taxes
15%
$639
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$417
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0