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This property looks like a bad Long-Term investment with a projected -3.7% first-year return on $47,040 initial cash invested.
-3.7%
Cash On Cash
6.15%
Cap Rate
0.95
DSCR
$1,719
Rent
-$145
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,719 income − $1,864 expenses = $145 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,719
Total Expenses
$1,864
Mortgage P&I
70%
$1,207
Property Taxes
8%
$136
Home Insurance
4%
$74
HOA
0%
$0
Property Management
10%
$172
CapEx
5%
$86
Vacancy
6%
$103
Maintenance
5%
$86
Other
0%
$0