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This property looks like a bad Long-Term investment with a projected -29.68% first-year return on $315k initial cash invested.
-29.68%
Cash On Cash
0.56%
Cap Rate
0.08
DSCR
$2,999
Rent
-$7,786
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,999 income − $10,785 expenses = $7,786 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$315k
Downpayment
20%
$300k
Closing costs
1%
$14,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,999
Total Expenses
$10,785
Mortgage P&I
278%
$8,334
Property Taxes
31%
$938
Home Insurance
18%
$525
HOA
7%
$208
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0