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This property looks like a bad Long-Term investment with a projected -24.24% first-year return on $490k initial cash invested.
-24.24%
Cash On Cash
1.32%
Cap Rate
0.21
DSCR
$6,591
Rent
-$9,906
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,591 income − $16,497 expenses = $9,906 out of pocket
Investment Breakdown
|
Purchase Price
$2335k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$490k
Downpayment
20%
$467k
Closing costs
1%
$23,351
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,591
Total Expenses
$16,497
Mortgage P&I
184%
$12,147
Property Taxes
27%
$1,801
Home Insurance
13%
$835
HOA
0%
$0
Property Management
10%
$659
CapEx
5%
$330
Vacancy
6%
$395
Maintenance
5%
$330
Other
0%
$0