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This property looks like a bad Long-Term investment with a projected -17.51% first-year return on $240k initial cash invested.
-17.51%
Cash On Cash
2.5%
Cap Rate
0.42
DSCR
$3,897
Rent
-$3,504
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,897 income − $7,401 expenses = $3,504 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$7,401
Mortgage P&I
146%
$5,690
Property Taxes
9%
$351
Home Insurance
9%
$346
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0