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This property looks like a bad Long-Term investment with a projected -13.87% first-year return on $344k initial cash invested.
-13.87%
Cash On Cash
3.28%
Cap Rate
0.55
DSCR
$6,998
Rent
-$3,983
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,998 income − $10,981 expenses = $3,983 out of pocket
Investment Breakdown
|
Purchase Price
$1640k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$344k
Downpayment
20%
$328k
Closing costs
1%
$16,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,998
Total Expenses
$10,981
Mortgage P&I
116%
$8,120
Property Taxes
8%
$551
Home Insurance
7%
$490
HOA
0%
$0
Property Management
10%
$700
CapEx
5%
$350
Vacancy
6%
$420
Maintenance
5%
$350
Other
0%
$0