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This property looks like a bad Long-Term investment with a projected -23.96% first-year return on $606k initial cash invested.
-23.96%
Cash On Cash
1.1%
Cap Rate
0.18
DSCR
$6,205
Rent
-$12,110
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,205 income − $18,315 expenses = $12,110 out of pocket
Investment Breakdown
|
Purchase Price
$2888k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$606k
Downpayment
20%
$578k
Closing costs
1%
$28,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,205
Total Expenses
$18,315
Mortgage P&I
233%
$14,438
Property Taxes
20%
$1,235
Home Insurance
16%
$1,011
HOA
0%
$19
Property Management
10%
$620
CapEx
5%
$310
Vacancy
6%
$372
Maintenance
5%
$310
Other
0%
$0