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This property looks like a bad Long-Term investment with a projected -23.43% first-year return on $603k initial cash invested.
-23.43%
Cash On Cash
1.28%
Cap Rate
0.21
DSCR
$7,146
Rent
-$11,765
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,146 income − $18,911 expenses = $11,765 out of pocket
Investment Breakdown
|
Purchase Price
$2870k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$603k
Downpayment
20%
$574k
Closing costs
1%
$28,696
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,146
Total Expenses
$18,911
Mortgage P&I
203%
$14,473
Property Taxes
21%
$1,532
Home Insurance
15%
$1,048
HOA
0%
$0
Property Management
10%
$715
CapEx
5%
$357
Vacancy
6%
$429
Maintenance
5%
$357
Other
0%
$0