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This property looks like a bad Long-Term investment with a projected -27.45% first-year return on $294k initial cash invested.
-27.45%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$2,044
Rent
-$6,724
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,044 income − $8,768 expenses = $6,724 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$8,768
Mortgage P&I
353%
$7,215
Property Taxes
26%
$522
Home Insurance
24%
$490
HOA
0%
$10
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0