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This property looks like a bad Long-Term investment with a projected -18.3% first-year return on $189k initial cash invested.
-18.3%
Cash On Cash
2.24%
Cap Rate
0.38
DSCR
$3,114
Rent
-$2,882
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,114 income − $5,996 expenses = $2,882 out of pocket
Investment Breakdown
|
Purchase Price
$900k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$189k
Downpayment
20%
$180k
Closing costs
1%
$9,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,114
Total Expenses
$5,996
Mortgage P&I
141%
$4,405
Property Taxes
15%
$466
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0