This property looks like a bad Long-Term investment with a projected -28.98% first-year return on $315k initial cash invested.
-28.98%
Cash On Cash
0.22%
Cap Rate
0.04
DSCR
$1,672
Rent
-$7,618
Cashflow
Cash Flow
$1,672 income − $9,290 expenses = $7,618 out of pocket
Investment Breakdown
|
Purchase Price
$1502k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$15,023
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,672
Total Expenses
$9,290
Mortgage P&I
467%
$7,808
Property Taxes
24%
$406
Home Insurance
33%
$558
HOA
5%
$83
Property Management
10%
$167
CapEx
5%
$84
Vacancy
6%
$100
Maintenance
5%
$84
Other
0%
$0