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This property looks like a bad Long-Term investment with a projected -22.67% first-year return on $640k initial cash invested.
-22.67%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$6,925
Rent
-$12,092
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,925 income − $19,017 expenses = $12,092 out of pocket
Investment Breakdown
|
Purchase Price
$3048k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$640k
Downpayment
20%
$610k
Closing costs
1%
$30,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,925
Total Expenses
$19,017
Mortgage P&I
222%
$15,351
Property Taxes
14%
$991
Home Insurance
13%
$875
HOA
0%
$0
Property Management
10%
$692
CapEx
5%
$346
Vacancy
6%
$416
Maintenance
5%
$346
Other
0%
$0