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This property looks like a bad Long-Term investment with a projected -24.93% first-year return on $315k initial cash invested.
-24.93%
Cash On Cash
0.86%
Cap Rate
0.14
DSCR
$2,468
Rent
-$6,543
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,468 income − $9,011 expenses = $6,543 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.4%
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
$2,468
Total Expenses
$9,011
Mortgage P&I
304%
$7,492
Property Taxes
14%
$353
Home Insurance
21%
$525
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0