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This property looks like a bad Long-Term investment with a projected -22.45% first-year return on $203k initial cash invested.
-22.45%
Cash On Cash
1.42%
Cap Rate
0.24
DSCR
$2,609
Rent
-$3,796
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,609 income − $6,405 expenses = $3,796 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,609
Total Expenses
$6,405
Mortgage P&I
184%
$4,809
Property Taxes
19%
$497
Home Insurance
13%
$348
HOA
3%
$73
Property Management
10%
$261
CapEx
5%
$130
Vacancy
6%
$157
Maintenance
5%
$130
Other
0%
$0