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This property looks like a bad Long-Term investment with a projected -24.07% first-year return on $341k initial cash invested.
-24.07%
Cash On Cash
0.98%
Cap Rate
0.16
DSCR
$2,924
Rent
-$6,841
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,924 income − $9,765 expenses = $6,841 out of pocket
Investment Breakdown
|
Purchase Price
$1624k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$341k
Downpayment
20%
$325k
Closing costs
1%
$16,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,924
Total Expenses
$9,765
Mortgage P&I
274%
$8,017
Property Taxes
13%
$377
Home Insurance
21%
$612
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0