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This property looks like a bad Long-Term investment with a projected -27.99% first-year return on $504k initial cash invested.
-27.99%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$6,225
Rent
-$11,755
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,225 income − $17,980 expenses = $11,755 out of pocket
Investment Breakdown
|
Purchase Price
$2400k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$504k
Downpayment
20%
$480k
Closing costs
1%
$24,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,225
Total Expenses
$17,980
Mortgage P&I
190%
$11,822
Property Taxes
59%
$3,700
Home Insurance
13%
$840
HOA
0%
$0
Property Management
10%
$622
CapEx
5%
$311
Vacancy
6%
$374
Maintenance
5%
$311
Other
0%
$0