This property looks like a bad Long-Term investment with a projected -20.81% first-year return on $252k initial cash invested.
-20.81%
Cash On Cash
2.13%
Cap Rate
0.34
DSCR
$4,651
Rent
-$4,366
Cashflow
Cash Flow
$4,651 income − $9,017 expenses = $4,366 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$11,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,651
Total Expenses
$9,017
Mortgage P&I
135%
$6,258
Property Taxes
24%
$1,129
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$233
Vacancy
6%
$279
Maintenance
5%
$233
Other
0%
$0