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This property looks like a bad Long-Term investment with a projected -24.36% first-year return on $263k initial cash invested.
-24.36%
Cash On Cash
0.98%
Cap Rate
0.16
DSCR
$2,996
Rent
-$5,328
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,996 income − $8,324 expenses = $5,328 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$8,324
Mortgage P&I
207%
$6,198
Property Taxes
30%
$908
Home Insurance
15%
$438
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0