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This property looks like a bad Long-Term investment with a projected -22% first-year return on $487k initial cash invested.
-22%
Cash On Cash
1.61%
Cap Rate
0.27
DSCR
$7,969
Rent
-$8,926
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,969 income − $16,895 expenses = $8,926 out of pocket
Investment Breakdown
|
Purchase Price
$2318k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$487k
Downpayment
20%
$464k
Closing costs
1%
$23,182
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,969
Total Expenses
$16,895
Mortgage P&I
146%
$11,631
Property Taxes
30%
$2,355
Home Insurance
11%
$838
HOA
0%
$0
Property Management
10%
$797
CapEx
5%
$398
Vacancy
6%
$478
Maintenance
5%
$398
Other
0%
$0