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This property looks like a bad Long-Term investment with a projected -24.25% first-year return on $315k initial cash invested.
-24.25%
Cash On Cash
0.94%
Cap Rate
0.16
DSCR
$2,629
Rent
-$6,361
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,629 income − $8,990 expenses = $6,361 out of pocket
Investment Breakdown
|
Purchase Price
$1499k
Downpayment
20.0%
Interest Rate
6.3%
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
$2,629
Total Expenses
$8,990
Mortgage P&I
282%
$7,408
Property Taxes
14%
$372
Home Insurance
20%
$525
HOA
0%
$2
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0