This property looks like a bad Long-Term investment with a projected -22.54% first-year return on $252k initial cash invested.
-22.54%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$4,529
Rent
-$4,733
Cashflow
Cash Flow
$4,529 income − $9,262 expenses = $4,733 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,529
Total Expenses
$9,262
Mortgage P&I
143%
$6,475
Property Taxes
26%
$1,190
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0