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This property looks like a bad Long-Term investment with a projected -20.36% first-year return on $499k initial cash invested.
-20.36%
Cash On Cash
1.83%
Cap Rate
0.31
DSCR
$6,130
Rent
-$8,463
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,130 income − $14,593 expenses = $8,463 out of pocket
Investment Breakdown
|
Purchase Price
$2375k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$499k
Downpayment
20%
$475k
Closing costs
1%
$23,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,130
Total Expenses
$14,593
Mortgage P&I
192%
$11,784
Property Taxes
6%
$385
Home Insurance
14%
$831
HOA
0%
$0
Property Management
10%
$613
CapEx
5%
$306
Vacancy
6%
$368
Maintenance
5%
$306
Other
0%
$0