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This property looks like a bad Long-Term investment with a projected -29.5% first-year return on $315k initial cash invested.
-29.5%
Cash On Cash
0.24%
Cap Rate
0.04
DSCR
$2,918
Rent
-$7,744
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,918 income − $10,662 expenses = $7,744 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,918
Total Expenses
$10,662
Mortgage P&I
271%
$7,903
Property Taxes
51%
$1,475
Home Insurance
18%
$525
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0