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This property looks like a bad Long-Term investment with a projected -22.74% first-year return on $194k initial cash invested.
-22.74%
Cash On Cash
2.17%
Cap Rate
0.32
DSCR
$2,976
Rent
-$3,678
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,976 income − $6,654 expenses = $3,678 out of pocket
Investment Breakdown
|
Purchase Price
$924k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,976
Total Expenses
$6,654
Mortgage P&I
175%
$5,199
Property Taxes
7%
$194
Home Insurance
16%
$486
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0