This property looks like a bad Long-Term investment with a projected -19.47% first-year return on $315k initial cash invested.
-19.47%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$7,783
Rent
-$5,107
Cashflow
Cash Flow
$7,783 income − $12,890 expenses = $5,107 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,783
Total Expenses
$12,890
Mortgage P&I
103%
$8,031
Property Taxes
30%
$2,311
Home Insurance
7%
$525
HOA
0%
$0
Property Management
10%
$778
CapEx
5%
$389
Vacancy
6%
$467
Maintenance
5%
$389
Other
0%
$0