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This property looks like a bad Long-Term investment with a projected -20.31% first-year return on $609k initial cash invested.
-20.31%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$7,839
Rent
-$10,306
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,839 income − $18,145 expenses = $10,306 out of pocket
Investment Breakdown
|
Purchase Price
$2899k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$609k
Downpayment
20%
$580k
Closing costs
1%
$28,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,839
Total Expenses
$18,145
Mortgage P&I
187%
$14,671
Property Taxes
5%
$421
Home Insurance
13%
$1,015
HOA
0%
$0
Property Management
10%
$784
CapEx
5%
$392
Vacancy
6%
$470
Maintenance
5%
$392
Other
0%
$0