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This property looks like a bad Long-Term investment with a projected -28.5% first-year return on $252k initial cash invested.
-28.5%
Cash On Cash
1%
Cap Rate
0.15
DSCR
$2,697
Rent
-$5,984
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,697 income − $8,681 expenses = $5,984 out of pocket
Investment Breakdown
|
Purchase Price
$1200k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$252k
Downpayment
20%
$240k
Closing costs
1%
$12,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$8,681
Mortgage P&I
254%
$6,846
Property Taxes
16%
$436
Home Insurance
16%
$420
HOA
10%
$277
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0