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This property looks like a bad Long-Term investment with a projected -6.9% first-year return on $46,956 initial cash invested.
-6.9%
Cash On Cash
5.5%
Cap Rate
0.84
DSCR
$1,497
Rent
-$270
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,497 income − $1,767 expenses = $270 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,956
Downpayment
20%
$44,720
Closing costs
1%
$2,236
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,497
Total Expenses
$1,767
Mortgage P&I
82%
$1,220
Property Taxes
5%
$77
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$150
CapEx
5%
$75
Vacancy
6%
$90
Maintenance
5%
$75
Other
0%
$0