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This property looks like a bad Long-Term investment with a projected -29.89% first-year return on $510k initial cash invested.
-29.89%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$5,595
Rent
-$12,706
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,595 income − $18,301 expenses = $12,706 out of pocket
Investment Breakdown
|
Purchase Price
$2429k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$510k
Downpayment
20%
$486k
Closing costs
1%
$24,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,595
Total Expenses
$18,301
Mortgage P&I
241%
$13,498
Property Taxes
44%
$2,474
Home Insurance
16%
$873
HOA
0%
$0
Property Management
10%
$560
CapEx
5%
$280
Vacancy
6%
$336
Maintenance
5%
$280
Other
0%
$0