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This property looks like a bad Long-Term investment with a projected -22.99% first-year return on $205k initial cash invested.
-22.99%
Cash On Cash
1.3%
Cap Rate
0.22
DSCR
$3,004
Rent
-$3,929
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,004 income − $6,933 expenses = $3,929 out of pocket
Investment Breakdown
|
Purchase Price
$977k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$195k
Closing costs
1%
$9,766
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,004
Total Expenses
$6,933
Mortgage P&I
161%
$4,840
Property Taxes
32%
$965
Home Insurance
12%
$348
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0