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This property looks like a bad Long-Term investment with a projected -20.95% first-year return on $202k initial cash invested.
-20.95%
Cash On Cash
1.72%
Cap Rate
0.29
DSCR
$2,898
Rent
-$3,522
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,898 income − $6,420 expenses = $3,522 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,608
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,898
Total Expenses
$6,420
Mortgage P&I
164%
$4,755
Property Taxes
20%
$566
Home Insurance
12%
$345
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0