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This property looks like a bad Long-Term investment with a projected -22.85% first-year return on $472k initial cash invested.
-22.85%
Cash On Cash
1.33%
Cap Rate
0.22
DSCR
$6,018
Rent
-$8,993
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,018 income − $15,011 expenses = $8,993 out of pocket
Investment Breakdown
|
Purchase Price
$2249k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$472k
Downpayment
20%
$450k
Closing costs
1%
$22,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,018
Total Expenses
$15,011
Mortgage P&I
186%
$11,181
Property Taxes
23%
$1,357
Home Insurance
13%
$787
HOA
2%
$121
Property Management
10%
$602
CapEx
5%
$301
Vacancy
6%
$361
Maintenance
5%
$301
Other
0%
$0