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This property looks like a bad Long-Term investment with a projected -2.91% first-year return on $46,998 initial cash invested.
-2.91%
Cash On Cash
6.63%
Cap Rate
1.01
DSCR
$2,612
Rent
-$114
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,612 income − $2,726 expenses = $114 out of pocket
Investment Breakdown
|
Purchase Price
$224k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$46,998
Downpayment
20%
$44,760
Closing costs
1%
$2,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,612
Total Expenses
$2,726
Mortgage P&I
47%
$1,220
Property Taxes
29%
$747
Home Insurance
3%
$79
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0