This property looks like a bad Long-Term investment with a projected -25.99% first-year return on $316k initial cash invested.
-25.99%
Cash On Cash
1.32%
Cap Rate
0.2
DSCR
$4,732
Rent
-$6,850
Cashflow
Cash Flow
$4,732 income − $11,582 expenses = $6,850 out of pocket
Investment Breakdown
|
Purchase Price
$1506k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$316k
Downpayment
20%
$301k
Closing costs
1%
$15,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,732
Total Expenses
$11,582
Mortgage P&I
175%
$8,273
Property Taxes
28%
$1,347
Home Insurance
11%
$534
HOA
4%
$197
Property Management
10%
$473
CapEx
5%
$237
Vacancy
6%
$284
Maintenance
5%
$237
Other
0%
$0