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This property looks like a bad Long-Term investment with a projected -14.08% first-year return on $84,798 initial cash invested.
-14.08%
Cash On Cash
3.38%
Cap Rate
0.56
DSCR
$2,000
Rent
-$995
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,000 income − $2,995 expenses = $995 out of pocket
Investment Breakdown
|
Purchase Price
$404k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$84,798
Downpayment
20%
$80,760
Closing costs
1%
$4,038
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,000
Total Expenses
$2,995
Mortgage P&I
102%
$2,031
Property Taxes
15%
$297
Home Insurance
7%
$147
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0