This property looks like a bad Long-Term investment with a projected -22.59% first-year return on $252k initial cash invested.
-22.59%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$3,589
Rent
-$4,744
Cashflow
Cash Flow
$3,589 income − $8,333 expenses = $4,744 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$11,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,589
Total Expenses
$8,333
Mortgage P&I
183%
$6,554
Property Taxes
12%
$421
Home Insurance
12%
$420
HOA
0%
$6
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0