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This property looks like a bad Long-Term investment with a projected -24.33% first-year return on $474k initial cash invested.
-24.33%
Cash On Cash
1.37%
Cap Rate
0.22
DSCR
$6,633
Rent
-$9,611
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,633 income − $16,244 expenses = $9,611 out of pocket
Investment Breakdown
|
Purchase Price
$2257k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$474k
Downpayment
20%
$451k
Closing costs
1%
$22,572
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,633
Total Expenses
$16,244
Mortgage P&I
179%
$11,863
Property Taxes
21%
$1,412
Home Insurance
13%
$840
HOA
6%
$404
Property Management
10%
$663
CapEx
5%
$332
Vacancy
6%
$398
Maintenance
5%
$332
Other
0%
$0