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This property looks like a bad Long-Term investment with a projected -21.07% first-year return on $424k initial cash invested.
-21.07%
Cash On Cash
1.69%
Cap Rate
0.28
DSCR
$4,650
Rent
-$7,448
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,650 income − $12,098 expenses = $7,448 out of pocket
Investment Breakdown
|
Purchase Price
$2020k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$424k
Downpayment
20%
$404k
Closing costs
1%
$20,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,650
Total Expenses
$12,098
Mortgage P&I
217%
$10,069
Property Taxes
8%
$366
Home Insurance
10%
$455
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0