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This property looks like a bad Long-Term investment with a projected -23.87% first-year return on $294k initial cash invested.
-23.87%
Cash On Cash
1.04%
Cap Rate
0.17
DSCR
$2,250
Rent
-$5,849
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,250 income − $8,099 expenses = $5,849 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,250
Total Expenses
$8,099
Mortgage P&I
309%
$6,951
Property Taxes
2%
$49
Home Insurance
22%
$490
HOA
1%
$25
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0