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This property looks like a bad Long-Term investment with a projected -22.97% first-year return on $240k initial cash invested.
-22.97%
Cash On Cash
2%
Cap Rate
0.3
DSCR
$3,579
Rent
-$4,596
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,579 income − $8,175 expenses = $4,596 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,579
Total Expenses
$8,175
Mortgage P&I
177%
$6,321
Property Taxes
12%
$432
Home Insurance
12%
$416
HOA
2%
$75
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0