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This property looks like a bad Long-Term investment with a projected -23.33% first-year return on $240k initial cash invested.
-23.33%
Cash On Cash
1.42%
Cap Rate
0.23
DSCR
$3,648
Rent
-$4,665
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,648 income − $8,313 expenses = $4,665 out of pocket
Investment Breakdown
|
Purchase Price
$1143k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,427
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,648
Total Expenses
$8,313
Mortgage P&I
160%
$5,832
Property Taxes
31%
$1,131
Home Insurance
11%
$402
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0