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This property looks like a bad Long-Term investment with a projected -23.84% first-year return on $242k initial cash invested.
-23.84%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$2,702
Rent
-$4,798
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,702 income − $7,500 expenses = $4,798 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,702
Total Expenses
$7,500
Mortgage P&I
214%
$5,774
Property Taxes
23%
$622
Home Insurance
15%
$402
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0