This property looks like a bad Long-Term investment with a projected -24.9% first-year return on $315k initial cash invested.
-24.9%
Cash On Cash
1.68%
Cap Rate
0.25
DSCR
$3,879
Rent
-$6,537
Cashflow
Cash Flow
$3,879 income − $10,416 expenses = $6,537 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.6%
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
$3,879
Total Expenses
$10,416
Mortgage P&I
217%
$8,437
Property Taxes
11%
$445
Home Insurance
14%
$525
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0