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This property looks like a bad Long-Term investment with a projected -22.89% first-year return on $315k initial cash invested.
-22.89%
Cash On Cash
1.44%
Cap Rate
0.24
DSCR
$3,763
Rent
-$6,009
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,763 income − $9,772 expenses = $6,009 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,763
Total Expenses
$9,772
Mortgage P&I
202%
$7,616
Property Taxes
17%
$653
Home Insurance
14%
$525
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0