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This property looks like a bad Long-Term investment with a projected -19% first-year return on $420k initial cash invested.
-19%
Cash On Cash
2.63%
Cap Rate
0.41
DSCR
$8,920
Rent
-$6,646
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,920 income − $15,566 expenses = $6,646 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$19,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,920
Total Expenses
$15,566
Mortgage P&I
119%
$10,581
Property Taxes
22%
$1,966
Home Insurance
8%
$700
HOA
0%
$0
Property Management
10%
$892
CapEx
5%
$446
Vacancy
6%
$535
Maintenance
5%
$446
Other
0%
$0