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This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $497k initial cash invested.
-22.76%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$6,571
Rent
-$9,425
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,571 income − $15,996 expenses = $9,425 out of pocket
Investment Breakdown
|
Purchase Price
$2366k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$497k
Downpayment
20%
$473k
Closing costs
1%
$23,658
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,571
Total Expenses
$15,996
Mortgage P&I
180%
$11,816
Property Taxes
24%
$1,596
Home Insurance
13%
$875
HOA
0%
$0
Property Management
10%
$657
CapEx
5%
$329
Vacancy
6%
$394
Maintenance
5%
$329
Other
0%
$0