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This property looks like a bad Long-Term investment with a projected -23.64% first-year return on $346k initial cash invested.
-23.64%
Cash On Cash
1.25%
Cap Rate
0.21
DSCR
$3,629
Rent
-$6,822
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,629 income − $10,451 expenses = $6,822 out of pocket
Investment Breakdown
|
Purchase Price
$1649k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$346k
Downpayment
20%
$330k
Closing costs
1%
$16,493
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,629
Total Expenses
$10,451
Mortgage P&I
230%
$8,360
Property Taxes
15%
$555
Home Insurance
16%
$593
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0