This property looks like a bad Long-Term investment with a projected -24.85% first-year return on $315k initial cash invested.
-24.85%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$4,754
Rent
-$6,520
Cashflow
Cash Flow
$4,754 income − $11,274 expenses = $6,520 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
$4,754
Total Expenses
$11,274
Mortgage P&I
171%
$8,139
Property Taxes
29%
$1,374
Home Insurance
11%
$525
HOA
0%
$0
Property Management
10%
$475
CapEx
5%
$238
Vacancy
6%
$285
Maintenance
5%
$238
Other
0%
$0