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This property looks like a bad Long-Term investment with a projected -23.61% first-year return on $300k initial cash invested.
-23.61%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$6,203
Rent
-$5,905
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,203 income − $12,108 expenses = $5,905 out of pocket
Investment Breakdown
|
Purchase Price
$1429k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$286k
Closing costs
1%
$14,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,203
Total Expenses
$12,108
Mortgage P&I
117%
$7,236
Property Taxes
15%
$915
Home Insurance
38%
$2,345
HOA
0%
$0
Property Management
10%
$620
CapEx
5%
$310
Vacancy
6%
$372
Maintenance
5%
$310
Other
0%
$0