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This property looks like a bad Long-Term investment with a projected -23.14% first-year return on $198k initial cash invested.
-23.14%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,483
Rent
-$3,822
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,483 income − $6,305 expenses = $3,822 out of pocket
Investment Breakdown
|
Purchase Price
$944k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$198k
Downpayment
20%
$189k
Closing costs
1%
$9,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$6,305
Mortgage P&I
193%
$4,782
Property Taxes
16%
$397
Home Insurance
19%
$481
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0