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This property looks like a bad Long-Term investment with a projected -23.15% first-year return on $242k initial cash invested.
-23.15%
Cash On Cash
1.31%
Cap Rate
0.22
DSCR
$2,350
Rent
-$4,658
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,350 income − $7,008 expenses = $4,658 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,350
Total Expenses
$7,008
Mortgage P&I
247%
$5,800
Property Taxes
8%
$194
Home Insurance
17%
$402
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0