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This property looks like a bad Long-Term investment with a projected -22.96% first-year return on $602k initial cash invested.
-22.96%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$7,819
Rent
-$11,511
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,819 income − $19,330 expenses = $11,511 out of pocket
Investment Breakdown
|
Purchase Price
$2865k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$602k
Downpayment
20%
$573k
Closing costs
1%
$28,653
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,819
Total Expenses
$19,330
Mortgage P&I
185%
$14,445
Property Taxes
24%
$1,839
Home Insurance
13%
$1,013
HOA
0%
$0
Property Management
10%
$782
CapEx
5%
$391
Vacancy
6%
$469
Maintenance
5%
$391
Other
0%
$0