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This property looks like a bad Long-Term investment with a projected -20.93% first-year return on $626k initial cash invested.
-20.93%
Cash On Cash
1.81%
Cap Rate
0.3
DSCR
$7,791
Rent
-$10,916
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,791 income − $18,707 expenses = $10,916 out of pocket
Investment Breakdown
|
Purchase Price
$2980k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$626k
Downpayment
20%
$596k
Closing costs
1%
$29,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,791
Total Expenses
$18,707
Mortgage P&I
193%
$15,029
Property Taxes
8%
$609
Home Insurance
13%
$1,043
HOA
0%
$0
Property Management
10%
$779
CapEx
5%
$390
Vacancy
6%
$467
Maintenance
5%
$390
Other
0%
$0