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This property looks like a bad Long-Term investment with a projected -26.35% first-year return on $651k initial cash invested.
-26.35%
Cash On Cash
0.65%
Cap Rate
0.11
DSCR
$7,092
Rent
-$14,297
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,092 income − $21,389 expenses = $14,297 out of pocket
Investment Breakdown
|
Purchase Price
$3100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$651k
Downpayment
20%
$620k
Closing costs
1%
$31,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,092
Total Expenses
$21,389
Mortgage P&I
220%
$15,615
Property Taxes
40%
$2,842
Home Insurance
15%
$1,085
HOA
0%
$2
Property Management
10%
$709
CapEx
5%
$355
Vacancy
6%
$426
Maintenance
5%
$355
Other
0%
$0