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This property looks like a bad Long-Term investment with a projected -24.67% first-year return on $498k initial cash invested.
-24.67%
Cash On Cash
0.88%
Cap Rate
0.15
DSCR
$3,639
Rent
-$10,231
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,639 income − $13,870 expenses = $10,231 out of pocket
Investment Breakdown
|
Purchase Price
$2370k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$498k
Downpayment
20%
$474k
Closing costs
1%
$23,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,639
Total Expenses
$13,870
Mortgage P&I
324%
$11,786
Property Taxes
8%
$308
Home Insurance
23%
$830
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0