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This property looks like a bad Long-Term investment with a projected -20.73% first-year return on $204k initial cash invested.
-20.73%
Cash On Cash
1.86%
Cap Rate
0.31
DSCR
$3,495
Rent
-$3,519
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,495 income − $7,014 expenses = $3,519 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,701
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,495
Total Expenses
$7,014
Mortgage P&I
139%
$4,847
Property Taxes
18%
$614
Home Insurance
10%
$350
HOA
8%
$293
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0