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This property looks like a bad Long-Term investment with a projected -22.2% first-year return on $619k initial cash invested.
-22.2%
Cash On Cash
1.6%
Cap Rate
0.26
DSCR
$7,884
Rent
-$11,457
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,884 income − $19,341 expenses = $11,457 out of pocket
Investment Breakdown
|
Purchase Price
$2949k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$619k
Downpayment
20%
$590k
Closing costs
1%
$29,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,884
Total Expenses
$19,341
Mortgage P&I
190%
$14,983
Property Taxes
16%
$1,259
Home Insurance
13%
$1,050
HOA
0%
$0
Property Management
10%
$788
CapEx
5%
$394
Vacancy
6%
$473
Maintenance
5%
$394
Other
0%
$0