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This property looks like a bad Long-Term investment with a projected -28.91% first-year return on $606k initial cash invested.
-28.91%
Cash On Cash
0.29%
Cap Rate
0.05
DSCR
$5,810
Rent
-$14,592
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,810 income − $20,402 expenses = $14,592 out of pocket
Investment Breakdown
|
Purchase Price
$2884k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$606k
Downpayment
20%
$577k
Closing costs
1%
$28,842
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,810
Total Expenses
$20,402
Mortgage P&I
258%
$15,004
Property Taxes
49%
$2,874
Home Insurance
17%
$1,014
HOA
0%
$0
Property Management
10%
$581
CapEx
5%
$290
Vacancy
6%
$349
Maintenance
5%
$290
Other
0%
$0