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This property looks like a bad Long-Term investment with a projected -6.3% first-year return on $47,040 initial cash invested.
-6.3%
Cash On Cash
5.97%
Cap Rate
0.87
DSCR
$1,707
Rent
-$247
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,707 income − $1,954 expenses = $247 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.7%
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
$1,707
Total Expenses
$1,954
Mortgage P&I
75%
$1,276
Property Taxes
9%
$155
Home Insurance
5%
$80
HOA
0%
$0
Property Management
10%
$171
CapEx
5%
$85
Vacancy
6%
$102
Maintenance
5%
$85
Other
0%
$0