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This property looks like a bad Long-Term investment with a projected -28.86% first-year return on $650k initial cash invested.
-28.86%
Cash On Cash
0.15%
Cap Rate
0.03
DSCR
$7,385
Rent
-$15,633
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,385 income − $23,018 expenses = $15,633 out of pocket
Investment Breakdown
|
Purchase Price
$3096k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$650k
Downpayment
20%
$619k
Closing costs
1%
$30,955
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,385
Total Expenses
$23,018
Mortgage P&I
212%
$15,659
Property Taxes
42%
$3,120
Home Insurance
15%
$1,120
HOA
16%
$1,200
Property Management
10%
$738
CapEx
5%
$369
Vacancy
6%
$443
Maintenance
5%
$369
Other
0%
$0