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This property looks like a bad Long-Term investment with a projected -25.85% first-year return on $640k initial cash invested.
-25.85%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$6,350
Rent
-$13,793
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,350 income − $20,143 expenses = $13,793 out of pocket
Investment Breakdown
|
Purchase Price
$3049k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$640k
Downpayment
20%
$610k
Closing costs
1%
$30,492
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,350
Total Expenses
$20,143
Mortgage P&I
245%
$15,560
Property Taxes
28%
$1,793
Home Insurance
18%
$1,138
HOA
0%
$0
Property Management
10%
$635
CapEx
5%
$318
Vacancy
6%
$381
Maintenance
5%
$318
Other
0%
$0