This property looks like a bad Long-Term investment with a projected -28.93% first-year return on $315k initial cash invested.
-28.93%
Cash On Cash
0.68%
Cap Rate
0.1
DSCR
$4,196
Rent
-$7,590
Cashflow
Cash Flow
$4,196 income − $11,786 expenses = $7,590 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$14,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,196
Total Expenses
$11,786
Mortgage P&I
196%
$8,232
Property Taxes
41%
$1,726
Home Insurance
16%
$665
HOA
2%
$71
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0