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This property looks like a bad Long-Term investment with a projected -23.49% first-year return on $596k initial cash invested.
-23.49%
Cash On Cash
1.15%
Cap Rate
0.19
DSCR
$6,715
Rent
-$11,677
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,715 income − $18,392 expenses = $11,677 out of pocket
Investment Breakdown
|
Purchase Price
$2840k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$596k
Downpayment
20%
$568k
Closing costs
1%
$28,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,715
Total Expenses
$18,392
Mortgage P&I
209%
$14,065
Property Taxes
23%
$1,531
Home Insurance
16%
$1,049
HOA
0%
$0
Property Management
10%
$672
CapEx
5%
$336
Vacancy
6%
$403
Maintenance
5%
$336
Other
0%
$0