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This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $588k initial cash invested.
-22.51%
Cash On Cash
1.62%
Cap Rate
0.26
DSCR
$7,957
Rent
-$11,024
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,957 income − $18,981 expenses = $11,024 out of pocket
Investment Breakdown
|
Purchase Price
$2798k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$588k
Downpayment
20%
$560k
Closing costs
1%
$27,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,957
Total Expenses
$18,981
Mortgage P&I
181%
$14,407
Property Taxes
19%
$1,490
Home Insurance
13%
$1,015
HOA
0%
$0
Property Management
10%
$796
CapEx
5%
$398
Vacancy
6%
$477
Maintenance
5%
$398
Other
0%
$0