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This property looks like a bad Long-Term investment with a projected -24.81% first-year return on $203k initial cash invested.
-24.81%
Cash On Cash
0.87%
Cap Rate
0.15
DSCR
$2,010
Rent
-$4,208
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,010 income − $6,218 expenses = $4,208 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$194k
Closing costs
1%
$9,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$6,218
Mortgage P&I
240%
$4,814
Property Taxes
27%
$543
Home Insurance
17%
$339
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0