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This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $230k initial cash invested.
-18.96%
Cash On Cash
2.3%
Cap Rate
0.38
DSCR
$3,629
Rent
-$3,628
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,629 income − $7,257 expenses = $3,628 out of pocket
Investment Breakdown
|
Purchase Price
$1093k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,629
Total Expenses
$7,257
Mortgage P&I
153%
$5,543
Property Taxes
10%
$373
Home Insurance
11%
$398
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0