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This property looks like a bad Long-Term investment with a projected -22.35% first-year return on $204k initial cash invested.
-22.35%
Cash On Cash
1.37%
Cap Rate
0.23
DSCR
$2,855
Rent
-$3,808
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,855 income − $6,663 expenses = $3,808 out of pocket
Investment Breakdown
|
Purchase Price
$974k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$195k
Closing costs
1%
$9,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,855
Total Expenses
$6,663
Mortgage P&I
167%
$4,778
Property Taxes
9%
$252
Home Insurance
13%
$385
HOA
18%
$505
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0