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This property looks like a bad Long-Term investment with a projected -23.93% first-year return on $291k initial cash invested.
-23.93%
Cash On Cash
1.2%
Cap Rate
0.2
DSCR
$2,432
Rent
-$5,800
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,432 income − $8,232 expenses = $5,800 out of pocket
Investment Breakdown
|
Purchase Price
$1385k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$277k
Closing costs
1%
$13,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,432
Total Expenses
$8,232
Mortgage P&I
290%
$7,060
Property Taxes
2%
$54
Home Insurance
20%
$485
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0