This property looks like a bad Long-Term investment with a projected -28.03% first-year return on $315k initial cash invested.
-28.03%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$2,181
Rent
-$7,357
Cashflow
Cash Flow
$2,181 income − $9,538 expenses = $7,357 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,181
Total Expenses
$9,538
Mortgage P&I
360%
$7,849
Property Taxes
27%
$597
Home Insurance
24%
$525
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0