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This property looks like a bad Long-Term investment with a projected -27% first-year return on $624k initial cash invested.
-27%
Cash On Cash
0.63%
Cap Rate
0.1
DSCR
$5,767
Rent
-$14,051
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,767 income − $19,818 expenses = $14,051 out of pocket
Investment Breakdown
|
Purchase Price
$2974k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$624k
Downpayment
20%
$595k
Closing costs
1%
$29,738
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,767
Total Expenses
$19,818
Mortgage P&I
266%
$15,332
Property Taxes
27%
$1,572
Home Insurance
19%
$1,118
HOA
5%
$297
Property Management
10%
$577
CapEx
5%
$288
Vacancy
6%
$346
Maintenance
5%
$288
Other
0%
$0