This property looks like a bad Long-Term investment with a projected -23.87% first-year return on $317k initial cash invested.
-23.87%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$3,989
Rent
-$6,312
Cashflow
Cash Flow
$3,989 income − $10,301 expenses = $6,312 out of pocket
Investment Breakdown
|
Purchase Price
$1511k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$317k
Downpayment
20%
$302k
Closing costs
1%
$15,109
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,989
Total Expenses
$10,301
Mortgage P&I
202%
$8,067
Property Taxes
17%
$669
Home Insurance
13%
$529
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0