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This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $494k initial cash invested.
-18.01%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$7,366
Rent
-$7,408
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,366 income − $14,774 expenses = $7,408 out of pocket
Investment Breakdown
|
Purchase Price
$2350k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$494k
Downpayment
20%
$470k
Closing costs
1%
$23,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,366
Total Expenses
$14,774
Mortgage P&I
159%
$11,741
Property Taxes
4%
$296
Home Insurance
11%
$822
HOA
0%
$0
Property Management
10%
$737
CapEx
5%
$368
Vacancy
6%
$442
Maintenance
5%
$368
Other
0%
$0