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This property looks like a bad Long-Term investment with a projected -23.1% first-year return on $515k initial cash invested.
-23.1%
Cash On Cash
1.37%
Cap Rate
0.23
DSCR
$6,690
Rent
-$9,907
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,690 income − $16,597 expenses = $9,907 out of pocket
Investment Breakdown
|
Purchase Price
$2451k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$515k
Downpayment
20%
$490k
Closing costs
1%
$24,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,690
Total Expenses
$16,597
Mortgage P&I
185%
$12,361
Property Taxes
24%
$1,590
Home Insurance
14%
$908
HOA
0%
$0
Property Management
10%
$669
CapEx
5%
$334
Vacancy
6%
$401
Maintenance
5%
$334
Other
0%
$0