This property looks like a bad Long-Term investment with a projected -24.15% first-year return on $315k initial cash invested.
-24.15%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$4,498
Rent
-$6,339
Cashflow
Cash Flow
$4,498 income − $10,837 expenses = $6,339 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$15,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,498
Total Expenses
$10,837
Mortgage P&I
182%
$8,202
Property Taxes
21%
$940
Home Insurance
12%
$525
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0