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This property looks like a bad Long-Term investment with a projected -27.43% first-year return on $702k initial cash invested.
-27.43%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$7,960
Rent
-$16,056
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,960 income − $24,016 expenses = $16,056 out of pocket
Investment Breakdown
|
Purchase Price
$3345k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$702k
Downpayment
20%
$669k
Closing costs
1%
$33,447
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,960
Total Expenses
$24,016
Mortgage P&I
212%
$16,906
Property Taxes
44%
$3,529
Home Insurance
18%
$1,398
HOA
1%
$113
Property Management
10%
$796
CapEx
5%
$398
Vacancy
6%
$478
Maintenance
5%
$398
Other
0%
$0