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This property looks like a bad Long-Term investment with a projected -23.26% first-year return on $623k initial cash invested.
-23.26%
Cash On Cash
1.25%
Cap Rate
0.21
DSCR
$6,775
Rent
-$12,086
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,775 income − $18,861 expenses = $12,086 out of pocket
Investment Breakdown
|
Purchase Price
$2969k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$623k
Downpayment
20%
$594k
Closing costs
1%
$29,688
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,775
Total Expenses
$18,861
Mortgage P&I
219%
$14,842
Property Taxes
18%
$1,225
Home Insurance
15%
$1,032
HOA
0%
$0
Property Management
10%
$678
CapEx
5%
$339
Vacancy
6%
$406
Maintenance
5%
$339
Other
0%
$0