This property looks like a bad Long-Term investment with a projected -24.16% first-year return on $315k initial cash invested.
-24.16%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$5,045
Rent
-$6,342
Cashflow
Cash Flow
$5,045 income − $11,387 expenses = $6,342 out of pocket
Investment Breakdown
|
Purchase Price
$1500k
Downpayment
20.0%
Interest Rate
7.3%
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
$5,045
Total Expenses
$11,387
Mortgage P&I
163%
$8,205
Property Taxes
27%
$1,338
Home Insurance
10%
$525
HOA
0%
$8
Property Management
10%
$504
CapEx
5%
$252
Vacancy
6%
$303
Maintenance
5%
$252
Other
0%
$0