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This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $486k initial cash invested.
-22.03%
Cash On Cash
1.7%
Cap Rate
0.28
DSCR
$6,323
Rent
-$8,920
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,323 income − $15,243 expenses = $8,920 out of pocket
Investment Breakdown
|
Purchase Price
$2314k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$486k
Downpayment
20%
$463k
Closing costs
1%
$23,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,323
Total Expenses
$15,243
Mortgage P&I
188%
$11,881
Property Taxes
10%
$616
Home Insurance
15%
$978
HOA
2%
$125
Property Management
10%
$632
CapEx
5%
$316
Vacancy
6%
$379
Maintenance
5%
$316
Other
0%
$0