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This property looks like a bad Long-Term investment with a projected -27.58% first-year return on $620k initial cash invested.
-27.58%
Cash On Cash
0.21%
Cap Rate
0.04
DSCR
$2,111
Rent
-$14,238
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,111 income − $16,349 expenses = $14,238 out of pocket
Investment Breakdown
|
Purchase Price
$2950k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,111
Total Expenses
$16,349
Mortgage P&I
694%
$14,654
Property Taxes
5%
$113
Home Insurance
49%
$1,032
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0