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This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $241k initial cash invested.
-16.51%
Cash On Cash
2.9%
Cap Rate
0.47
DSCR
$4,984
Rent
-$3,315
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$4,984 income − $8,299 expenses = $3,315 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$229k
Closing costs
1%
$11,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,984
Total Expenses
$8,299
Mortgage P&I
117%
$5,838
Property Taxes
15%
$748
Home Insurance
8%
$418
HOA
0%
$0
Property Management
10%
$498
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0