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This property looks like a bad Long-Term investment with a projected -22.34% first-year return on $616k initial cash invested.
-22.34%
Cash On Cash
1.4%
Cap Rate
0.24
DSCR
$7,625
Rent
-$11,474
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,625 income − $19,099 expenses = $11,474 out of pocket
Investment Breakdown
|
Purchase Price
$2935k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$616k
Downpayment
20%
$587k
Closing costs
1%
$29,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,625
Total Expenses
$19,099
Mortgage P&I
190%
$14,514
Property Taxes
21%
$1,590
Home Insurance
13%
$1,013
HOA
0%
$0
Property Management
10%
$762
CapEx
5%
$381
Vacancy
6%
$458
Maintenance
5%
$381
Other
0%
$0