This property looks like a bad Long-Term investment with a projected -27.24% first-year return on $315k initial cash invested.
-27.24%
Cash On Cash
0.44%
Cap Rate
0.07
DSCR
$1,782
Rent
-$7,150
Cashflow
Cash Flow
$1,782 income − $8,932 expenses = $7,150 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
$1,782
Total Expenses
$8,932
Mortgage P&I
427%
$7,616
Property Taxes
18%
$328
Home Insurance
29%
$525
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0