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This property looks like a bad Long-Term investment with a projected -29.32% first-year return on $587k initial cash invested.
-29.32%
Cash On Cash
0.27%
Cap Rate
0.04
DSCR
$3,468
Rent
-$14,341
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,468 income − $17,809 expenses = $14,341 out of pocket
Investment Breakdown
|
Purchase Price
$2795k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$587k
Downpayment
20%
$559k
Closing costs
1%
$27,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,468
Total Expenses
$17,809
Mortgage P&I
427%
$14,806
Property Taxes
32%
$1,124
Home Insurance
28%
$978
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0