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This property looks like a bad Long-Term investment with a projected -23.34% first-year return on $199k initial cash invested.
-23.34%
Cash On Cash
1.22%
Cap Rate
0.2
DSCR
$2,494
Rent
-$3,880
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,494 income − $6,374 expenses = $3,880 out of pocket
Investment Breakdown
|
Purchase Price
$950k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$199k
Downpayment
20%
$190k
Closing costs
1%
$9,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,494
Total Expenses
$6,374
Mortgage P&I
189%
$4,723
Property Taxes
27%
$670
Home Insurance
13%
$332
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0