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This property looks like a bad Long-Term investment with a projected -22.71% first-year return on $309k initial cash invested.
-22.71%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$5,055
Rent
-$5,843
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$5,055 income − $10,898 expenses = $5,843 out of pocket
Investment Breakdown
|
Purchase Price
$1470k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$309k
Downpayment
20%
$294k
Closing costs
1%
$14,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,055
Total Expenses
$10,898
Mortgage P&I
144%
$7,296
Property Taxes
30%
$1,523
Home Insurance
10%
$524
HOA
5%
$240
Property Management
10%
$506
CapEx
5%
$253
Vacancy
6%
$303
Maintenance
5%
$253
Other
0%
$0