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This property looks like a bad Long-Term investment with a projected -23.17% first-year return on $185k initial cash invested.
-23.17%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$3,014
Rent
-$3,580
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,014 income − $6,594 expenses = $3,580 out of pocket
Investment Breakdown
|
Purchase Price
$883k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$185k
Downpayment
20%
$177k
Closing costs
1%
$8,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,014
Total Expenses
$6,594
Mortgage P&I
148%
$4,464
Property Taxes
31%
$926
Home Insurance
14%
$420
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0