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This property looks like a bad Long-Term investment with a projected -22.6% first-year return on $206k initial cash invested.
-22.6%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,606
Rent
-$3,888
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,606 income − $6,494 expenses = $3,888 out of pocket
Investment Breakdown
|
Purchase Price
$983k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$206k
Downpayment
20%
$197k
Closing costs
1%
$9,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,606
Total Expenses
$6,494
Mortgage P&I
194%
$5,049
Property Taxes
19%
$506
Home Insurance
10%
$262
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0