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This property looks like a bad Long-Term investment with a projected -23.32% first-year return on $346k initial cash invested.
-23.32%
Cash On Cash
1.4%
Cap Rate
0.23
DSCR
$3,243
Rent
-$6,731
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,243 income − $9,974 expenses = $6,731 out of pocket
Investment Breakdown
|
Purchase Price
$1649k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$330k
Closing costs
1%
$16,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,243
Total Expenses
$9,974
Mortgage P&I
262%
$8,498
Property Taxes
2%
$56
Home Insurance
18%
$577
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0