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This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $497k initial cash invested.
-23.12%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$7,044
Rent
-$9,570
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,044 income − $16,614 expenses = $9,570 out of pocket
Investment Breakdown
|
Purchase Price
$2365k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$497k
Downpayment
20%
$473k
Closing costs
1%
$23,652
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,044
Total Expenses
$16,614
Mortgage P&I
171%
$12,018
Property Taxes
23%
$1,640
Home Insurance
14%
$970
HOA
2%
$155
Property Management
10%
$704
CapEx
5%
$352
Vacancy
6%
$423
Maintenance
5%
$352
Other
0%
$0