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This property looks like a bad Long-Term investment with a projected -27.24% first-year return on $293k initial cash invested.
-27.24%
Cash On Cash
0.47%
Cap Rate
0.08
DSCR
$2,426
Rent
-$6,650
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,426 income − $9,076 expenses = $6,650 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,426
Total Expenses
$9,076
Mortgage P&I
292%
$7,077
Property Taxes
36%
$880
Home Insurance
20%
$488
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0