This property looks like a bad Long-Term investment with a projected -29.89% first-year return on $315k initial cash invested.
-29.89%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$2,712
Rent
-$7,845
Cashflow
Cash Flow
$2,712 income − $10,557 expenses = $7,845 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,712
Total Expenses
$10,557
Mortgage P&I
296%
$8,026
Property Taxes
48%
$1,300
Home Insurance
19%
$525
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0