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This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $420k initial cash invested.
-18.28%
Cash On Cash
2.45%
Cap Rate
0.4
DSCR
$6,271
Rent
-$6,395
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,271 income − $12,666 expenses = $6,395 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$19,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,271
Total Expenses
$12,666
Mortgage P&I
162%
$10,158
Property Taxes
3%
$177
Home Insurance
11%
$700
HOA
0%
$0
Property Management
10%
$627
CapEx
5%
$314
Vacancy
6%
$376
Maintenance
5%
$314
Other
0%
$0