This property looks like a bad Long-Term investment with a projected -27.55% first-year return on $319k initial cash invested.
-27.55%
Cash On Cash
1.24%
Cap Rate
0.18
DSCR
$4,716
Rent
-$7,331
Cashflow
Cash Flow
$4,716 income − $12,047 expenses = $7,331 out of pocket
Investment Breakdown
|
Purchase Price
$1520k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$319k
Downpayment
20%
$304k
Closing costs
1%
$15,203
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,716
Total Expenses
$12,047
Mortgage P&I
184%
$8,660
Property Taxes
27%
$1,268
Home Insurance
11%
$542
HOA
7%
$350
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0