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This property looks like a bad Long-Term investment with a projected -22.99% first-year return on $422k initial cash invested.
-22.99%
Cash On Cash
1.45%
Cap Rate
0.24
DSCR
$6,219
Rent
-$8,088
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,219 income − $14,307 expenses = $8,088 out of pocket
Investment Breakdown
|
Purchase Price
$2010k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$422k
Downpayment
20%
$402k
Closing costs
1%
$20,101
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,219
Total Expenses
$14,307
Mortgage P&I
164%
$10,214
Property Taxes
29%
$1,780
Home Insurance
11%
$696
HOA
0%
$0
Property Management
10%
$622
CapEx
5%
$311
Vacancy
6%
$373
Maintenance
5%
$311
Other
0%
$0