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This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $588k initial cash invested.
-21.42%
Cash On Cash
1.61%
Cap Rate
0.27
DSCR
$6,852
Rent
-$10,493
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,852 income − $17,345 expenses = $10,493 out of pocket
Investment Breakdown
|
Purchase Price
$2799k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$588k
Downpayment
20%
$560k
Closing costs
1%
$27,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,852
Total Expenses
$17,345
Mortgage P&I
203%
$13,916
Property Taxes
10%
$667
Home Insurance
14%
$980
HOA
0%
$0
Property Management
10%
$685
CapEx
5%
$343
Vacancy
6%
$411
Maintenance
5%
$343
Other
0%
$0