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This property looks like a bad Long-Term investment with a projected -22.32% first-year return on $314k initial cash invested.
-22.32%
Cash On Cash
1.39%
Cap Rate
0.23
DSCR
$3,091
Rent
-$5,840
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,091 income − $8,931 expenses = $5,840 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,091
Total Expenses
$8,931
Mortgage P&I
240%
$7,422
Property Taxes
6%
$182
Home Insurance
17%
$523
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$185
Maintenance
5%
$155
Other
0%
$0