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This property looks like a bad Long-Term investment with a projected -28.26% first-year return on $620k initial cash invested.
-28.26%
Cash On Cash
0.49%
Cap Rate
0.08
DSCR
$3,714
Rent
-$14,590
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,714 income − $18,304 expenses = $14,590 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$620k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,714
Total Expenses
$18,304
Mortgage P&I
420%
$15,614
Property Taxes
19%
$692
Home Insurance
28%
$1,032
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0