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This property looks like a bad Long-Term investment with a projected -17.65% first-year return on $198k initial cash invested.
-17.65%
Cash On Cash
2.38%
Cap Rate
0.4
DSCR
$3,100
Rent
-$2,914
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,100 income − $6,014 expenses = $2,914 out of pocket
Investment Breakdown
|
Purchase Price
$944k
Downpayment
20.0%
Interest Rate
6.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,435
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,100
Total Expenses
$6,014
Mortgage P&I
149%
$4,631
Property Taxes
8%
$236
Home Insurance
11%
$341
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0