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This property looks like a bad Long-Term investment with a projected -22.97% first-year return on $194k initial cash invested.
-22.97%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,938
Rent
-$3,721
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,938 income − $6,659 expenses = $3,721 out of pocket
Investment Breakdown
|
Purchase Price
$926k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$194k
Downpayment
20%
$185k
Closing costs
1%
$9,256
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,938
Total Expenses
$6,659
Mortgage P&I
158%
$4,639
Property Taxes
31%
$924
Home Insurance
11%
$332
HOA
0%
$0
Property Management
10%
$294
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0