This property looks like a bad Long-Term investment with a projected -23.99% first-year return on $252k initial cash invested.
-23.99%
Cash On Cash
1.7%
Cap Rate
0.26
DSCR
$4,129
Rent
-$5,037
Cashflow
Cash Flow
$4,129 income − $9,166 expenses = $5,037 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,129
Total Expenses
$9,166
Mortgage P&I
158%
$6,533
Property Taxes
28%
$1,140
Home Insurance
10%
$420
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0