This property looks like a bad Long-Term investment with a projected -27.29% first-year return on $315k initial cash invested.
-27.29%
Cash On Cash
0.96%
Cap Rate
0.15
DSCR
$2,922
Rent
-$7,163
Cashflow
Cash Flow
$2,922 income − $10,085 expenses = $7,163 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
$2,922
Total Expenses
$10,085
Mortgage P&I
281%
$8,220
Property Taxes
20%
$581
Home Insurance
18%
$525
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0