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This property looks like a bad Long-Term investment with a projected -22.15% first-year return on $315k initial cash invested.
-22.15%
Cash On Cash
1.84%
Cap Rate
0.29
DSCR
$3,986
Rent
-$5,813
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,986 income − $9,799 expenses = $5,813 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$14,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,986
Total Expenses
$9,799
Mortgage P&I
199%
$7,917
Property Taxes
8%
$321
Home Insurance
13%
$525
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0