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This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $608k initial cash invested.
-21.81%
Cash On Cash
1.55%
Cap Rate
0.26
DSCR
$6,349
Rent
-$11,048
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,349 income − $17,397 expenses = $11,048 out of pocket
Investment Breakdown
|
Purchase Price
$2895k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$608k
Downpayment
20%
$579k
Closing costs
1%
$28,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,349
Total Expenses
$17,397
Mortgage P&I
228%
$14,462
Property Taxes
4%
$272
Home Insurance
16%
$1,013
HOA
0%
$0
Property Management
10%
$635
CapEx
5%
$317
Vacancy
6%
$381
Maintenance
5%
$317
Other
0%
$0