This property looks like a bad Long-Term investment with a projected -25.66% first-year return on $331k initial cash invested.
-25.66%
Cash On Cash
1.5%
Cap Rate
0.22
DSCR
$4,018
Rent
-$7,073
Cashflow
Cash Flow
$4,018 income − $11,091 expenses = $7,073 out of pocket
Investment Breakdown
|
Purchase Price
$1575k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$331k
Downpayment
20%
$315k
Closing costs
1%
$15,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,018
Total Expenses
$11,091
Mortgage P&I
220%
$8,842
Property Taxes
16%
$653
Home Insurance
14%
$551
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0