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This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $47,040 initial cash invested.
-17.42%
Cash On Cash
3.24%
Cap Rate
0.49
DSCR
$1,298
Rent
-$683
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$1,298 income − $1,981 expenses = $683 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$47,040
Downpayment
20%
$44,800
Closing costs
1%
$2,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,298
Total Expenses
$1,981
Mortgage P&I
94%
$1,222
Property Taxes
26%
$343
Home Insurance
6%
$78
HOA
0%
$0
Property Management
10%
$130
CapEx
5%
$65
Vacancy
6%
$78
Maintenance
5%
$65
Other
0%
$0