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This property looks like a bad Long-Term investment with a projected -23.48% first-year return on $630k initial cash invested.
-23.48%
Cash On Cash
1.24%
Cap Rate
0.2
DSCR
$5,391
Rent
-$12,320
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,391 income − $17,711 expenses = $12,320 out of pocket
Investment Breakdown
|
Purchase Price
$2998k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$630k
Downpayment
20%
$600k
Closing costs
1%
$29,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,391
Total Expenses
$17,711
Mortgage P&I
281%
$15,147
Property Taxes
2%
$113
Home Insurance
19%
$1,049
HOA
0%
$0
Property Management
10%
$539
CapEx
5%
$270
Vacancy
6%
$323
Maintenance
5%
$270
Other
0%
$0