This property looks like a bad Long-Term investment with a projected -28.52% first-year return on $315k initial cash invested.
-28.52%
Cash On Cash
0.59%
Cap Rate
0.09
DSCR
$2,226
Rent
-$7,481
Cashflow
Cash Flow
$2,226 income − $9,707 expenses = $7,481 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.2%
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
$2,226
Total Expenses
$9,707
Mortgage P&I
364%
$8,104
Property Taxes
22%
$491
Home Insurance
24%
$525
HOA
0%
$8
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0