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This property looks like a bad Long-Term investment with a projected -24.69% first-year return on $209k initial cash invested.
-24.69%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$2,698
Rent
-$4,290
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,698 income − $6,988 expenses = $4,290 out of pocket
Investment Breakdown
|
Purchase Price
$993k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$209k
Downpayment
20%
$199k
Closing costs
1%
$9,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,698
Total Expenses
$6,988
Mortgage P&I
201%
$5,425
Property Taxes
12%
$328
Home Insurance
14%
$368
HOA
6%
$165
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0