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This property looks like a bad Long-Term investment with a projected -12.49% first-year return on $294k initial cash invested.
-12.49%
Cash On Cash
3.6%
Cap Rate
0.6
DSCR
$6,134
Rent
-$3,060
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,134 income − $9,194 expenses = $3,060 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%
$13,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,134
Total Expenses
$9,194
Mortgage P&I
113%
$6,949
Property Taxes
3%
$160
Home Insurance
8%
$490
HOA
0%
$0
Property Management
10%
$613
CapEx
5%
$307
Vacancy
6%
$368
Maintenance
5%
$307
Other
0%
$0