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This property looks like a bad Long-Term investment with a projected -29.86% first-year return on $609k initial cash invested.
-29.86%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$2,167
Rent
-$15,154
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,167 income − $17,321 expenses = $15,154 out of pocket
Investment Breakdown
|
Purchase Price
$2900k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$609k
Downpayment
20%
$580k
Closing costs
1%
$29,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,167
Total Expenses
$17,321
Mortgage P&I
704%
$15,250
Property Taxes
23%
$493
Home Insurance
47%
$1,015
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0