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This property looks like a bad Long-Term investment with a projected -24.93% first-year return on $410k initial cash invested.
-24.93%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$3,498
Rent
-$8,506
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,498 income − $12,004 expenses = $8,506 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$410k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,498
Total Expenses
$12,004
Mortgage P&I
280%
$9,805
Property Taxes
17%
$607
Home Insurance
20%
$682
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0