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This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $183k initial cash invested.
-21.04%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$3,662
Rent
-$3,203
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,662 income − $6,865 expenses = $3,203 out of pocket
Investment Breakdown
|
Purchase Price
$870k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$183k
Downpayment
20%
$174k
Closing costs
1%
$8,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,662
Total Expenses
$6,865
Mortgage P&I
130%
$4,775
Property Taxes
23%
$834
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0