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This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $315k initial cash invested.
-18.97%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$4,999
Rent
-$4,979
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,999 income − $9,978 expenses = $4,979 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,999
Total Expenses
$9,978
Mortgage P&I
151%
$7,563
Property Taxes
12%
$590
Home Insurance
11%
$525
HOA
0%
$0
Property Management
10%
$500
CapEx
5%
$250
Vacancy
6%
$300
Maintenance
5%
$250
Other
0%
$0