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This property looks like a bad Long-Term investment with a projected -28.1% first-year return on $629k initial cash invested.
-28.1%
Cash On Cash
0.3%
Cap Rate
0.05
DSCR
$6,023
Rent
-$14,740
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,023 income − $20,763 expenses = $14,740 out of pocket
Investment Breakdown
|
Purchase Price
$2997k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$629k
Downpayment
20%
$599k
Closing costs
1%
$29,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,023
Total Expenses
$20,763
Mortgage P&I
252%
$15,176
Property Taxes
49%
$2,973
Home Insurance
17%
$1,049
HOA
0%
$0
Property Management
10%
$602
CapEx
5%
$301
Vacancy
6%
$361
Maintenance
5%
$301
Other
0%
$0