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This property looks like a bad Long-Term investment with a projected -24.43% first-year return on $315k initial cash invested.
-24.43%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$3,098
Rent
-$6,412
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,098 income − $9,510 expenses = $6,412 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
$3,098
Total Expenses
$9,510
Mortgage P&I
244%
$7,565
Property Taxes
20%
$614
Home Insurance
17%
$525
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0