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This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $468k initial cash invested.
-18.08%
Cash On Cash
2.38%
Cap Rate
0.4
DSCR
$7,604
Rent
-$7,056
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,604 income − $14,660 expenses = $7,056 out of pocket
Investment Breakdown
|
Purchase Price
$2230k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$468k
Downpayment
20%
$446k
Closing costs
1%
$22,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,604
Total Expenses
$14,660
Mortgage P&I
146%
$11,099
Property Taxes
11%
$852
Home Insurance
10%
$733
HOA
0%
$0
Property Management
10%
$760
CapEx
5%
$380
Vacancy
6%
$456
Maintenance
5%
$380
Other
0%
$0