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This property looks like a bad Long-Term investment with a projected -19.37% first-year return on $408k initial cash invested.
-19.37%
Cash On Cash
2.25%
Cap Rate
0.37
DSCR
$7,861
Rent
-$6,583
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$7,861 income − $14,444 expenses = $6,583 out of pocket
Investment Breakdown
|
Purchase Price
$1942k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$408k
Downpayment
20%
$388k
Closing costs
1%
$19,419
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,861
Total Expenses
$14,444
Mortgage P&I
125%
$9,823
Property Taxes
24%
$1,879
Home Insurance
9%
$698
HOA
0%
$0
Property Management
10%
$786
CapEx
5%
$393
Vacancy
6%
$472
Maintenance
5%
$393
Other
0%
$0