This property looks like a bad Long-Term investment with a projected -27.11% first-year return on $252k initial cash invested.
-27.11%
Cash On Cash
0.94%
Cap Rate
0.14
DSCR
$3,260
Rent
-$5,689
Cashflow
Cash Flow
$3,260 income − $8,949 expenses = $5,689 out of pocket
Investment Breakdown
|
Purchase Price
$1199k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,260
Total Expenses
$8,949
Mortgage P&I
198%
$6,462
Property Taxes
37%
$1,219
Home Insurance
13%
$420
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0