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This property looks like a bad Long-Term investment with a projected -21.32% first-year return on $620k initial cash invested.
-21.32%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$7,431
Rent
-$11,005
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,431 income − $18,436 expenses = $11,005 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$620k
Downpayment
20%
$590k
Closing costs
1%
$29,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,431
Total Expenses
$18,436
Mortgage P&I
203%
$15,111
Property Taxes
5%
$360
Home Insurance
14%
$1,032
HOA
0%
$0
Property Management
10%
$743
CapEx
5%
$372
Vacancy
6%
$446
Maintenance
5%
$372
Other
0%
$0