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This property looks like a bad Long-Term investment with a projected -23.6% first-year return on $179k initial cash invested.
-23.6%
Cash On Cash
1.51%
Cap Rate
0.24
DSCR
$2,004
Rent
-$3,511
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,004 income − $5,515 expenses = $3,511 out of pocket
Investment Breakdown
|
Purchase Price
$850k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$179k
Downpayment
20%
$170k
Closing costs
1%
$8,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,004
Total Expenses
$5,515
Mortgage P&I
224%
$4,483
Property Taxes
11%
$214
Home Insurance
15%
$298
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0