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This property looks like a bad Long-Term investment with a projected -25.09% first-year return on $609k initial cash invested.
-25.09%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$7,722
Rent
-$12,731
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,722 income − $20,453 expenses = $12,731 out of pocket
Investment Breakdown
|
Purchase Price
$2900k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$609k
Downpayment
20%
$580k
Closing costs
1%
$29,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,722
Total Expenses
$20,453
Mortgage P&I
193%
$14,869
Property Taxes
33%
$2,562
Home Insurance
13%
$1,015
HOA
0%
$0
Property Management
10%
$772
CapEx
5%
$386
Vacancy
6%
$463
Maintenance
5%
$386
Other
0%
$0