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This property looks like a bad Long-Term investment with a projected -24.37% first-year return on $462k initial cash invested.
-24.37%
Cash On Cash
1.08%
Cap Rate
0.18
DSCR
$6,005
Rent
-$9,380
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,005 income − $15,385 expenses = $9,380 out of pocket
Investment Breakdown
|
Purchase Price
$2199k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$21,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,005
Total Expenses
$15,385
Mortgage P&I
184%
$11,065
Property Taxes
33%
$1,990
Home Insurance
13%
$770
HOA
0%
$0
Property Management
10%
$600
CapEx
5%
$300
Vacancy
6%
$360
Maintenance
5%
$300
Other
0%
$0