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This property looks like a bad Long-Term investment with a projected -22.78% first-year return on $294k initial cash invested.
-22.78%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$2,974
Rent
-$5,581
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,974 income − $8,555 expenses = $5,581 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,974
Total Expenses
$8,555
Mortgage P&I
241%
$7,171
Property Taxes
4%
$121
Home Insurance
16%
$490
HOA
0%
$0
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0