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This property looks like a bad Long-Term investment with a projected -30.82% first-year return on $588k initial cash invested.
-30.82%
Cash On Cash
-0.11%
Cap Rate
-0.02
DSCR
$6,382
Rent
-$15,103
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,382 income − $21,485 expenses = $15,103 out of pocket
Investment Breakdown
|
Purchase Price
$2800k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$588k
Downpayment
20%
$560k
Closing costs
1%
$28,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,382
Total Expenses
$21,485
Mortgage P&I
228%
$14,529
Property Taxes
68%
$4,317
Home Insurance
15%
$980
HOA
0%
$0
Property Management
10%
$638
CapEx
5%
$319
Vacancy
6%
$383
Maintenance
5%
$319
Other
0%
$0