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This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $609k initial cash invested.
-24.14%
Cash On Cash
1.08%
Cap Rate
0.18
DSCR
$6,101
Rent
-$12,250
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,101 income − $18,351 expenses = $12,250 out of pocket
Investment Breakdown
|
Purchase Price
$2900k
Downpayment
20.0%
Interest Rate
6.4%
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
$6,101
Total Expenses
$18,351
Mortgage P&I
239%
$14,553
Property Taxes
20%
$1,197
Home Insurance
17%
$1,015
HOA
0%
$0
Property Management
10%
$610
CapEx
5%
$305
Vacancy
6%
$366
Maintenance
5%
$305
Other
0%
$0