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This property looks like a bad Long-Term investment with a projected -25.65% first-year return on $609k initial cash invested.
-25.65%
Cash On Cash
0.83%
Cap Rate
0.14
DSCR
$7,459
Rent
-$13,006
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,459 income − $20,465 expenses = $13,006 out of pocket
Investment Breakdown
|
Purchase Price
$2898k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$609k
Downpayment
20%
$580k
Closing costs
1%
$28,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,459
Total Expenses
$20,465
Mortgage P&I
196%
$14,637
Property Taxes
39%
$2,874
Home Insurance
14%
$1,014
HOA
0%
$0
Property Management
10%
$746
CapEx
5%
$373
Vacancy
6%
$448
Maintenance
5%
$373
Other
0%
$0